Shares of cash-strapped Jet Airways jumped nearly 25 percent to hit an intra-day high of Rs 321. At 3.07 pm, the stock traded at Rs 321, higher by 24.54 percent on the BSE.
The stock has been gaining for the last three days and has risen nearly 24 percent during the period. For the year, the stock has declined by nearly 62 percent.
The stock has spiked after reports that Tata Sons chairman N Chandrasekaran is pitching for the acquisition of Jet Airways, even as chairman emeritus Ratan Tata has reservations about the proposed deal, according to CNBC-TV18.
Tata Sons board will likely to discuss the Jet Airways acquisition plan on Friday and if board approves, the proposed deal may "move quickly," the TV report added. For more details on Tata Group-Jet Airways deal, click here
.
Earlier, CNBC-TV18's Kritika Saxena had first reported that Jet Airway's promoter Naresh Goyal approached top corporate houses, including the Tata, for a possible equity infusion. Check full details and how the events unfolded here.
IndiGo, owned and operated by InterGlobe Aviation ltd, shares traded mildly weak, down by 0.44 percent, at Rs 1044 at 2.52 pm. The BSE-listed SpiceJet shares slipped 1.61 percent to trade at Rs 82.35 at 2.51 pm.
Also, catch all the action and updates in our Market Live blog.
First Published: Nov 15, 2018 3:19 PM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Lok Sabha Election 2024 | Five key takeaways from the exit polls for BJP and the opposition
Jun 2, 2024 9:16 AM
Exit polls predict NDA to win LS Polls 2024, INDIA bloc to cross three-digit figure
Jun 1, 2024 10:50 PM