Business IdeasJet Airways surges 6%, ends flat
The stock slipped to a low of Rs 306. Thereafter, it surged 9% from there to a high of Rs 334. It finally ended flat at Rs 317. Over 5.51 million shares were traded on the NSE today.
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The company underperformed during the employee strike even though it did not lose much. However ever since the union called off their strike, the company has reached a settlement and the stock has zoomed 20%. The company inorder to woo its customers then announced a 50% discount on fares for three days starting 16th -18th September.
The scrip soared around 16% on Thursday.The stock opened at Rs 314, slipped to a low of Rs 306 and zoomed to a high of Rs 334.
The scrip is now trading at Rs 328, up 4% from the previous close. The counter has witnessed trades of 3 million shares at the NSE .