Jet Airways plunges over 6%

Aviation major, Jet Airways (India) declined more than 6% on Monday.

The company has approached the Aviation Ministry to acquire6 of the vacant slots of Kingfisher Airlines, according to media reports.

The government had withdrawn Kingfisher Airlines' international flying rights and domestic slots last week, which remains grounded since October 1 last, with immediate effect and decided to allot them to other domestic airlines. Shares ofthe companyare trading at Rs 504.50, down Rs 33.3, or 6.19% at the Bombay Stock Exchange (BSE) on Monday at 11:06 a.m.The scrip has touched an intra-day high of Rs 536.40 and low of Rs 482.95. The total volume of shares traded at the BSE is 413,237.In the earlier session, the shares lost 0.43%, or Rs 2.30, at Rs 537.80. Currently, the stock is trading down 26.7% from its 52-week high of Rs 688.30 and above 88.39% over the 52-week low of Rs 267.80.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 527.35 10.45 1.98 1 Month 622.10 (84.30) (13.55) 3 Months 528.70 9.10 1.72 6 Months 338.40 199.40 58.92 1 Year 293.75 244.05 83.08 Note: Based on previous day closing price.