Jet Airways zooms 58pc in one week

MUMBAI, Dec 2 (Business Standard): Jet Airways (India) has soared 11 per cent to Rs 386, bouncing back 17 per cent from intra-day low on BSE, on back of heavy volumes.

The stock opened at Rs 344 and touched a low of Rs 329 on BSE. The trading volumes on the counter jumped more than three-fold with a combined 11.33 million shares changed hands till 1454 hours on NSE and BSE.

In past one week, shares of Jet Airways (India) zoomed 58 per cent from Rs 245 on November 25, due to falling crude oil prices. The benchmark S&P BSE Sensex gained 0.37 per cent during the same period.

On Friday, November 28, the company said the rating agency ICRA has upgraded the long-term rating for bank facilities of the company has been reinstated to "BB" (stable) and the short-term rating of "A4" has been reaffirmed.