• Thursday, April 25, 2024

Business

Jet Airways faces crisis; stock slips 52-week low

Jet Airways

By: Radhakrishna N S

Shares of financial crisis-hit India’s international airline Jet Airways have recorded a 14 per cent decline on Friday (10) and touched their 52 week low in the morning trade after Jet Airways post-phoned announcing the data on financial performance of the company for the first quarter of the financial year 2018-19. On benchmark Bombay Stock Exchange (BSE), stock of Jet Airways was seen trading at 3.15 GBP, a fall of 8.12 per cent when compared to its previous close as of 14.58 IST on Friday (10). Earlier, the company stock was opened on a negative note at 3.08 GBP per stock and…

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