Jet Airways Share Price surges as the crude oil price continues rolling down. Along with the Jet Airways, Spice Jet, and Inter Globe Aviation also edged higher. Speaking generally, the crude oil price losses have benefited the entire aviation sector. Low crude prices mean lowered prices for aviation fuels which typically consists 50% of the operating costs of airlines. In the Global Commodities Market, investors have reassessed UD data underlining the surplus in the petroleum. Also, Iraqi crude oil exports are also going up. This has led to the drop in crude oil prices.
Jet Airways share price is suddenly looking at the sky and was trading at Rs. 613.50 with a hike of over 4%. The scrip opened at Rs. 591.60 against its previous close of Rs. 588.70. It touched the intraday high of Rs. 616.80 and the intraday low of Rs. 590.50. The market cap of the stock is Rs. 6687.48 crores. The Average volume for 20 days is 1649965, and the Average daily movement stands at 23.88. The lifetime high and the 52 weeks high of Jet Airways Share Price is Rs. 1382.75 and Rs. 796.40 respectively.
Dynamic levels have identified Jet Airways among top 500 performers of the quarter. The company has not reported any loss in last two quarters and has a debt-equity ratio of -1.54. For more details on the stock, refer to the Ladder on the Jet Airways share price history page of Dynamic Levels website. For support and resistance levels of the stock, check Jet Airways share price forecast page.
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