JET AIRWAYS Surges by 11%; BSE 500 Index Down 0.4%
June 21, 2019 11:50 AM

JET AIRWAYS share price has zoomed 11% and is presently trading at Rs 77.

Meanwhile, the BSE 500 Index is at 15,280 (down 0.4%).

Among the top Gainers in the BSE 500 Index today is JET AIRWAYS (up 10.9%).

BAJAJ AUTO and FINOLEX CABLES are among the top losers today.

Over the last one year, JET AIRWAYS has moved down from Rs 381 to Rs 77, registering a loss of Rs 304 (down 81.4%).

On the other hand, the BSE 500 has moved up from 14,715 to 15,280, registering a gain of 565 points (up 3.4%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 149.0%), VINATI ORGANICS (up 109.7%) and INFO EDGE (up 77.8%).

What About the Benchmark Indices?

The BSE Sensex is at 39,618 (down 0.6%).

The top gainers among the BSE Sensex stocks today are HERO MOTOCORP (up 0.6%), INDUSIND BANK (up 0.5%) and SBI (up 0.5%). Other gainers include VEDANTA LTD (up 0.3%) and NTPC (up 0.3%). The most traded stocks in the BSE Sensex are SBI and VEDANTA LTD.

In the meantime, NSE Nifty is at 11,828 (down 0.5%). UPL (up 4.1%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,547 to 39,618, registering a gain of 4,071 points (up 10.8%).

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 0.2x.