JET AIRWAYS Plunges by 5%; BSE 500 Index Down 0.2%
February 4, 2019 03:26 PM

JET AIRWAYS share price has plunged 5% and is presently trading at Rs 256.

Meanwhile, the BSE 500 Index is at 14,368 (down 0.2%).

Among the top losers in the BSE 500 Index today are JET AIRWAYS (down 5.3%) and HEG LTD (down 6.6%).

BLISS GVS PHARMA (up 6.8%) and DIVIS LABORATORIES (up 4.9%) are among the top gainers today.

Over the last one year, JET AIRWAYS has moved down from Rs 768 to Rs 256, registering a loss of Rs 512 (down 66.7%)..

The BSE 500 has moved down from 15,330 to 14,368, loss of 962 points (down 6.3%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were V-MART RETAIL (up 83.6%), VINATI ORG. (up 67.0%) and BATA INDIA (up 66.0%).

What About the Benchmark Indices?

The BSE Sensex is at 36,623 (up 0.3%). The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 3.5%). The most traded stocks in the BSE Sensex are RELIANCE IND. and TATA STEEL.

In the meantime, NSE Nifty is at 10,928 (up 0.1%). TITAN COMPANY (up 3.5%) and ONGC (up 3.3%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,907 to 36,623, registering a gain of 716 points (up 1.9%).

JET AIRWAYS Financial Update...

JET AIRWAYS net profit down at Rs 13 billion for the quarter ended September 2018, compared to a loss of Rs 2 billion a year ago. Net Sales rose 1.2% to Rs 61.6 billion during the period as against Rs 60.9 billion in July-September 2017.

For the year ended March 2018, JET AIRWAYS reported 150.2% decrease in net profit to Rs 7.2 billion compared to net profit of Rs 14.5 billion during FY17.

Revenue of the company grew 8.0% to Rs 245 billion during FY18.

The current Price to earnings ratio of JET AIRWAYS, based on rolling 12 month earnings, stands at down 0.8x.