Jet Airways sharesdropped as much as 8 per cent on Friday, extending their fall to a fifth consecutive session.
On the Bombay Stock Exchange (BSE), Jet Airways share price fell to as much as Rs 124.25 apiece in morning deals, marking a fall of 7.86 per cent from its previous close of Rs134.85.
On the National Stock Exchange (NSE), the Jet Airways stock fell as much as6.89 per cent to hit Rs 134.25 apiece at the day's weakest point, compared to the previous close of Rs 125.Jet Airways shares had hit a 52-week low on Thursday.(Jet Airways slots to be allocated to other airlines on temporary basis)Struggling with a debt of more than $1.2 billion, the cash-strapped airline owes money to lessors, suppliers, pilots and oil companies.
Till Thursday, Jet Airways shares had declined 44.18 per cent since the airline temporarily suspended its flight operations on April 17.(SBI nod sought for employees' group to bid for Jet Airways management control)Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections.
Like us on Facebook or follow us on Twitter and Instagram for updates from each of the 543 parliamentary seats for the 2019 Indian general elections.
Election results will be out on May 23.