JET AIRWAYS share price has plunged 10% and is presently trading at Rs 272.
Meanwhile, the BSE 500 Index is at 15,516 (up 0.1%).
Among the top losers in the BSE 500 Index today are JET AIRWAYS (down 10.0%) and TECHNO ELECTRIC (down 5.2%).
PAGE INDUSTRIES (up 7.1%) and SITI NETWORKS LTD (up 5.7%) are among the top gainers today.
Over the last one year, JET AIRWAYS has moved down from Rs 614 to Rs 272, registering a loss of Rs 342 (down 55.8%)..
The BSE 500 has moved up from 13,662 to 15,516, registering a gain of 1,854 points (up 13.6%) during the last 12 months.
The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 818.4%), GRAPHITE INDIA (up 378.9%) and INDIABULLS VENTURES (up 233.1%).
What About the Benchmark Indices?
The BSE Sensex is at 38,050 (up 0.1%). The top gainers among the BSE Sensex stocks today are TATA MOTORS (up 1.5%), VEDANTA LTD (up 1.3%) and TATA MOTORS DVR (up 0.9%). Other gainers include HIND. UNILEVER (up 0.7%) and SBI (up 0.4%). The most traded stocks in the BSE Sensex are SBI and HERO MOTOCORP.
In the meantime, NSE Nifty is at 11,475 . VEDANTA LTD (up 1.0%) and CIPLA (up 0.9%) are among the top gainers in NSE Nifty.
Over the last 12 months, the BSE Sensex has moved up from 31,798 to 38,050, registering a gain of 6,252 points (up 19.7%).
JET AIRWAYS Financial Update...
JET AIRWAYS net profit down at Rs 10 billion for the quarter ended March 2018, compared to a loss of Rs 2 billion a year ago. Net Sales declined 2.7% to Rs 59.2 billion during the period as against Rs 60.9 billion in January-March 2017.
For the year ended March 2018, JET AIRWAYS reported 150.2% decrease in net profit to Rs 7.2 billion compared to net profit of Rs 14.5 billion during FY17.
Revenue of the company grew 8.0% to Rs 245 billion during FY18.
The current Price to earnings ratio of JET AIRWAYS, based on rolling 12 month earnings, stands at down 4.0x.
This article was originally published in English at www.equitymaster.com
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