The announcement was made after trading hours on Monday, 15 March 2010.
Meanwhile, the BSE Sensex was up 21.39 points, or 0.12%, to 17,186.38.
On BSE, 23,702 shares were traded in the counter as against an average daily volume of 2.49 lakh shares in the past one quarter.
The stock hit a high of Rs 480.90 and a low of Rs 470 so far during the day. The stock had hit a 52-week high of Rs 605.95 on 3 December 2009 and a 52-week low of Rs 128 on 16 March 2009.
The stock had underperformed the market over the past one month till 15 March 2010, -gaining 1.22% compared with the Sensex's 7.02% rise. It underperformed the market in past one quarter, falling 14.43% as against 1.71% rise in the Sensex.
India's largest private sector air carrier by market capitalisation has an equity capital of Rs 86.33 crore. Face value per share is Rs 10.
The current price of Rs 477.25 discounts the company's Q3 December 2009 annualised EPS of Rs 49.02, by a PE multiple of 9.73.
Passenger traffic at Jet Airways rose for the fifth straight month in February 2010 as the economic recovery helped drive traffic growth, it said in a statement.
The airline, which operates 89 aircraft and flies to 61 destinations globally, will be launching new flights to Saudi Arabia and South Africa in the next 30 days.
Meanwhile, on Monday, 15 March 2010, state-run oil marketing companies raised aviation turbine fuel price by 2.44% for the second time this month. Jet fuel rates in Delhi were raised by Rs 961 per kilolitre to Rs 40,268 per kilolitre with effect from midnight yesterday. According to reports, a one-way ticket between Delhi and Calcutta is likely to cost about Rs 400 to Rs 600 more after the hike in fuel prices. Jet fuel is a key input cost for airlines.
Jet Airways (India) reported a net profit of Rs 105.80 crore in Q3 December 2009 compared to net loss of Rs 214.18 crore in Q3 December 2008. Net sales fell 6.4% to Rs 2722.68 crore in Q3 December 2009 over Q3 December 2008.
Jet Airways (India) is an airline providing regular scheduled services on routes between all of India's major cities.