JET AIRWAYS Surges by 11%; BSE 500 Index Down 1.0%
May 21, 2019 02:54 PM

JET AIRWAYS share price has zoomed 11% and is presently trading at Rs 147.

Meanwhile, the BSE 500 Index is at 15,375 (down 1.0%).

Among the top Gainers in the BSE 500 Index today is JET AIRWAYS (up 11.3%).

ICICI LOMBARD GENERAL INSURANCE (down 0.1%) and G.E.SHIPPING (down 0.2%) are among the top losers today.

Over the last one year, JET AIRWAYS has moved down from Rs 401 to Rs 147, registering a loss of Rs 254 (down 63.5%).

On the other hand, the BSE 500 has moved up from 14,449 to 15,375, registering a gain of 926 points (up 4.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were DCM SHRIRAM (up 126.1%), BALRAMPUR CHINI (up 124.6%) and ADANI POWER (up 120.7%).

What About the Benchmark Indices?

The BSE Sensex is at 39,572 (down 1.0%).

The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 0.8%), HUL (up 0.4%) and BAJAJ FINANCE (up 0.3%). The most traded stocks in the BSE Sensex are RELIANCE IND. and BAJAJ FINANCE.

In the meantime, NSE Nifty is at 11,884 (down 1.1%). BHARTI INFRATEL (up 2.5%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,616 to 39,572, registering a gain of 4,956 points (up 12.6%).

JET AIRWAYS Financial Update...

JET AIRWAYS net profit down at Rs 6 billion for the quarter ended December 2018, compared to a loss of Rs 2 billion a year ago. Net Sales rose 1.0% to Rs 61.5 billion during the period as against Rs 60.9 billion in October-December 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 0.4x.