Wednesday, 5 April 2017

Jet Airways rises nearly 3% on cut in jet fuel prices

Shares of Jet Airways India soared nearly 3 per cent on the Bombay Stock Exchange after price of jet fuel or Aviation Turbine Fuel (ATF) was slashed by Rs 2,811.38 per kiloliter with effect from April 1. Boosted by the development, shares of company gained as much as 2.66 per cent to hit an intra-day high of Rs 539.95 apiece on the Bombay Stock Exchange. 

In a similar fashion, stocks of company advanced 1.35 per cent to Rs 533.00 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 29,789.34, up 168.84 points or 0.57 per cent, at 11:58 hours.

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