Wednesday, June 30, 2021

Jet Airways shares continue to rise

New Delhi: Continuing on its upward trajectory, shares of grounded Jet Airways gained nearly five per cent to touch its upper price limit on Tuesday.

 Since National Company Law Tribunal (NCLT) approved Jalan Kalrock Consortium’s resolution plan for the airline on June 22, the scrip has been on the rise.

On Tuesday, it closed at Rs  126.80 apiece - also the upper price band - on the BSE. It ended at the same level on the NSE too.

The stock had climbed 4.96 per cent to Rs 99.45 on both the BSE and NSE on June 22, the day NCLT approved the resolution plan for the carrier.

A seven-member monitoring committee has been constituted to manage the day-to-day affairs of Jet Airways till the insolvency resolution process is complete.

30/06/21 PTI/Pioneer

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