Jet Airways flies high on hopes of taking Etihad on board

Jet Airways (India), a provider of domestic and international airline services, jumped on Friday after the media reports said the Abu Dhabi's Etihad Airways will buy a stake in the company.

According toreports Etihad will finalise a deal to buy a stake in Jet Airways on Friday, the first such investment by a foreign carrier in an Indian airline since rules were relaxed last year. Shares ofthe companyare trading at Rs 613.25, up Rs 26.4, or 4.50% at the Bombay Stock Exchange (BSE) on Friday at 1:09 p.m.The scrip has touched an intra-day high of Rs 622.30 and low of Rs 551.50. The total volume of shares traded at the BSE is 862,244.In the earlier session, the shares declined 2.03%, or Rs 12.15, at Rs 586.85. Currently, the stock is trading down 4.03% from its 52-week high of Rs 639 and above 162.97% over the 52-week low of Rs 233.20.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 574.45 12.40 2.16 1 Month 576.55 10.30 1.79 3 Months 349.45 237.40 67.94 6 Months 322.60 264.25 81.91 1 Year 244.55 342.30 139.97 Note: Based on previous day closing price.