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Jet Airways share price slumps over 23% on report NSE to remove stock from F&O trading from June 28

Jet Airways share price slumps over 23% on report NSE to remove stock from F&O trading from June 28

Jet Airways share price slumped in early trade today after NSE said shares would be pulled out of Futures and Options trading from June 28. Jet Airways share price slumped over 23% to 84.80 level compared to the previous close of 110.40 on BSE. Jet Airways share opened at a loss of 9.96% at 99.40 and fell to a fresh 52-week low of 84.80 on BSE.

Its market capitalisation fell to Rs 986.03 crore with 15.61 lakh shares changing hands on BSE. The stock has been losing for the last nine days and fallen 40.30% in the period.

Jet Airways share price has lost 77.48% during the last one year and fallen 68.22% since the beginning of this year.

The stock is trading below its 50-day and 200-day moving averages of 142.81 and 224.15 level.

The National Stock Exchange of India (NSE) said shares of Jet Airways would be pulled out of F&O trading, citing the embattled carrier’s failure to respond to queries about rumours in the market Jet’s securities will now be moved to the trade for trade segment with effect from June 28 as a “preventive surveillance measure”, from the current rolling segment, which allows daily trading, the stock exchange said in a circular