Naresh Goyal, the founder of Jet Airways, pleads in court with 'folded hands' that he has 'lost every hope of life' amid the alleged Rs 538 crore fraud case. Goyal, who is currently in judicial custody, presents a grim picture of his physical health and personal life, including his wife's battle with cancer.
Shares of Jet Airways closed at the upper circuit of 5% at Rs 55.91 on Friday against the previous close of Rs 53.25 on BSE.
Stocks in focus today: With Fed Chair Powell's speech and more macro data lined up globally this week, domestic, as well as, global markets are likely to remain under pressure. Also, RBI would release its meeting minutes on Thursday. However, action is likely to continue in the broader market along with sectorial rotation. Jio Financial Services (JFS), M&M, Reliance Industries (RIL), other stocks to watch on Monday (August 21).
Stocks in focus today: Indian stock market is likely to continue its northbound journey with phases of consolidation. IOCL, Bharti Airtel, Adani Total Gas, Jet Airways, Metro Brands, Escorts Kubota, PVR INOX, Bikaji Foods among stocks in news on Monday, August 1, 2023.
Jet Airways share price: Today's jump in the share price came after aviation regulator DGCA renewed its air operator certificate. The Directorate General of Civil Aviation (DGCA) has renewed the Airport Operator Certificate (AOC) of Jet Airways on July 28, the Jalan-Kalrock Consortium said in an official statement.
Hot stocks today: Benchmark indices opened higher today led by strong buying interest in banks, financials, technology, metal, and energy stocks. Adani Green Energy, Jet Airways, Tata Motors, Welspun India among hot stocks on May 2, 2023.
Go First was looking to raise about Rs 3,600 crore via IPO, which was deferred once again amid the weak sentiments and reluctance of owners to infuse funds into the loss-making company.
Shares of Jet Airways lost 4.95% to Rs 55.83 (fresh 52-week low) in early trade against the previous close of Rs 58.74 on BSE.
Jet Airways share price: The counter's 14-day relative strength index (RSI) came at 45.21. A level below 30 is defined as oversold while a value above 70 is considered overbought. The company's stock has a negative price-to-equity (P/E) ratio of 0.61.
Jet Airways share was stuck in the upper circuit of 5% at Rs 26.60 against previous close of Rs 25.35 on BSE
The share price of Jet Airways (India) has rallied 115 per cent against its all-time low price of Rs 15.10 on October 22, 2019. The stock had hit 52-week high of Rs 312 on January 15, 2019
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