Meanwhile, the BSE Sensex was down 78.27 points, or 0.46%, to 17120.68.
On BSE, 5.49 lakh shares were traded in the counter as against an average daily volume of 6.48 lakh shares in the past one quarter.
The stock hit a high of Rs 464.10 and a low of Rs 442.05 so far during the day. The stock had hit a 52-week high of Rs 480.70 on 6 November 2009 and a 52-week low of Rs 115.25 on 12 March 2009.
The stock had outperformed the market over the past one month till 25 November 2009, rising 3.13% as compared to the Sensex's 2.31% rise. It outperformed the market in past one quarter, soaring 77.17% as against 9.63% increase in the Sensex.
The mid-cap private sector air carrier has an equity capital of Rs 86.33 crore. Face value per share is Rs 10.
Jet employs nearly 700 Indian and 150 foreign pilots. According to reports, the plan to hire new pilots is due a rise air traffic recently. Domestic traffic is reported to have risen 25.80% to 39 lakh passengers in October 2009 from 31 lakh passengers in October 2008.
The Foreign Investment Promotion Board had, last month, approved the company's plans to raise $400 million via share sale to qualified foreign institutions.
Jet Airways had recently secured shareholders' approval to raise additional capital up to $400 million, or Rs 2,000 crore. The funds may be reportedly raised by private placement of shares with qualified institutional buyers or by global depository receipts (GDRs), American depository receipts (ADRs) and foreign currency convertible bonds (FCCBs).
According to reports, the airline needs a cash infusion given its expansion plans for the full-service carrier as well as the recently launched low-cost carrier JetKonnect.
Jet Airways India reported a net loss of Rs 406.69 crore in Q2 September 2009 as against a net loss of Rs 384.53 crore in Q2 September 2008. Sales fell 34.4% to Rs 2020.11 crore in Q2 September 2009 over Q2 September 2008.
Jet Airways (India) is an airline providing regular scheduled services on routes between all of India's major cities.