After several consecutive days of loss, the stock touched an all time high of Rs 77.35 with an increase of 133.68 per cent.

The share of Jet Airways on Thursday has seen a sudden surge in prices. After several consecutive days of loss, the stock touched the highest level of Rs 77.35 per day with an increase of 133.68 per cent. In the end, the stock closed at Rs 64 with the strength of 93.35 per cent. The day before, the stock closed 18.42 per cent and closed at 33 rupees level.

Jet Airways, which was facing cash shortage for several months, was seeing a 13-day decline in the stock. During this time, shares fell nearly 78 percent.

SBI decides to send NCLT

Consortium of 26 banks led by State Bank of India (SBI) decided to send this case to the National Company Law Tribunal (NCLT) this week to recover dues of Rs 8,500 crore after the failure of Jet Airways's revival.

Jet Airways flights that started 25 years ago were completely closed on April 17. The reason for this was the lack of cash. At the same time the lessor companies had withdrawn nearly 100 operations plains after they did not get the payment.

Short covering in stock

According to market experts, before the order of the National Company Law Tribunal in the case of insolvency, short-covering is being seen in Jet Airways shares. The market seems to think that the decision can be positive for Jet Airways. According to Bloomberg's report, today NCLT can give its decision by the evening.

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