After suffering for more then 2 years jet airways is finally getting some credibility in investor community. Stock is hitting fresh 52 week high on solid volume. Closing at 494.35 up almost 9% in brisk trading.
Jet Recently had $400 Million QIP issue placed mostly to FII. That money is being utilized to pay down some debt. Hence reducing debt burden and interest cost. We should see some nice profit from this company in near future. Also passenger traffic should improve as well.
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