Jet Airways closes 8% down after it defers Q1 result; stock down 65% in last 6 months


Shares of Jet Airways ended 8 percent lower as company deferred announcing its June quarter numbers on Thursday.

It has touched a 52-week low of Rs 261.60 in the early trade on Friday.

The board of directors of the company, at its meeting held on August 9, deferred the matter of consideration of the unaudited financial results for the quarter ended June 30, 2018.

The audit committee did not recommend the said financial results to the board for its approval, pending closure of certain matters.

The trading window will continue to remain closed and will open 48 hours after publication of results for the quarter ended June, 30 2018.

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Jet Airways closed at Rs 276.40, down Rs 25.30, or 8.39 percent on the BSE.

Posted by Rakesh Patil





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