Meanwhile, the BSE Sensex was down 101.80 points, or 1.03%, to 9,739.72.On BSE, 73,883 shares were traded in the counter. The scrip had an average daily volume of 40,620 shares in the past one quarter.The stock hit a high of Rs 204 and a low of Rs 190 so far during the day. The stock had a 52-week high of Rs 1,049.80 on 19 December 2007 and a 52-week low of Rs 132.95 on 27 October 2008.
The stock had underperformed the market over the past one month till 11 November 2008, falling 28.08% as compared to the Sensex's 6.54% decline. It had, also underperformed the market in the past one quarter, falling 61.62% as compared to the Sensex's fall of 36.53%.
India's largest listed air carrier by revenue has an equity capital of Rs 86.33 crore. Face value per share is Rs 10.
As per media reports, the airline is in talks with Abu Dhabi state-owned Mubadala Development Co for funding of Rs 1000 crore. Another report said Jet is in talks to sell a 10% stake to Temasek Holdings Pte, a Singapore state investors.
The Mumbai-based carrier needs funds to buy planes after posting its biggest quarterly loss in more than three years because of surging fuel prices and cut-rate fares.
Mounting losses due higher fuel prices had prompted Jet Airways to ink a partnership with rival Kingfisher Airlines last month to cut expenses amid an economic slowdown that is reducing demand for air travel.
Jet Airways provides regular scheduled domestic and international flight services.
The company reported a net loss of Rs 384.53 crore in Q2 September 2008 as compared to a net profit of Rs 28.36 crore in Q2 September 2007. The company's sales rose 71.6% to Rs 3121.34 crore in Q2 September 2008 over Q2 September 2007.
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