Jet Airways' shares on Monday
soared over 18 per cent to touch one-year high amid reports of talks between the airline and United Arab Emirates'
Etihad Airways for stake sale.
Buoyed by the market buzz, shares of the company opened higher and further gained 18.39 per cent to Rs 598.80 - its highest level in a year - on the Bombay Stock Exchange.
Market experts said the uptick in the counter is largely on the back of the stake sale report regarding the airlines.
At close, shares of Jet Airways were up 10.81 per cent at Rs 560.40 on BSE. On NSE, the scrip settled at Rs 555.55, up 9.88 per cent from its previous close. In terms of volume, 38.87 lakh shares of the company changed hands on the BSE, while more than one crore shares were traded on NSE.
Rise in the stock was in a sharp contrast with
a sluggish stock market where the BSE Sensex ended at 18,537.01, up 30.44 points.
With inputs from PTIDisclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Special 
