Jet Air tumbles 5% after Etihad defers deal

Jet Airways dropped on Mondayafter Etihad's chairman announced that he needs time to complete due diligence before picking up stakes in the carrier.The deal was likely to be announced this week, but Hamed bin Zayed al-Nahayan, chairman of Etihad, told media that there were certain issues to be dealt with, before signing agreement with Jet Air.

Shares ofthe companyare trading at Rs 587.55, down Rs 30.8, or 4.98% at the Bombay Stock Exchange (BSE) on Monday at 10:54 a.m.The scrip has touched an intra-day high of Rs 605 and low of Rs 572.20. The total volume of shares traded at the BSE is 384,869.In the earlier session, the shares climbed 3.83%, or Rs 22.8, at Rs 618.35. Currently, the stock is trading down 14.64% from its 52-week high of Rs 688.30 and above 119.4% over the 52-week low of Rs 267.80.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 591.65 26.70 4.51 1 Month 582.65 35.70 6.13 3 Months 395.40 222.95 56.39 6 Months 376.60 241.75 64.19 1 Year 328.85 289.50 88.03 Note: Based on previous day closing price.