Jet Airways Share Tips: Buy and Forget Target Price 192—220 – Neal Bhai Reports

Jet Airways Share Tips: Buy and Forget Target Price 192 – 220 – Neal Bhai Reports

Nasim Zaidi Quits Jet Airways Board

Grounded carrier Jet Airways said on Monday its non-executive and non-independent director Nasim Zaidi has quit the board citing personal reasons and time constraints.

Before joining the Jet Airways board in August 2018, Mr Zaidi had served as civil aviation secretary and chief election commissioner.

“This is to inform you that Nasim Zaidi has submitted his resignation as a Non-Executive, Non-Independent Director of the company with effect from April 21 due to personal reasons and constraints of time,” Jet Airways informed stock exchanges in regulatory filings.

The airline, which ceased all its operations temporarily last week, is under the management control of a State Bank of India-led consortium of lenders following a debt-restructuring plan approved by its board last month.

Shares in Jet Airways plunged as much as 19.34 per cent on the BSE on Monday. At 11:19 am, the Jet Airways stock traded 11.99 per cent lower at Rs. 144.25 apiece on the BSE, underperforming the markets which were down 0.61 per cent.

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Jet Airways stock puzzle: deep in coma or showing deep value? – Neal Bhai Reports

On January 7, 2009, Ramalinga Raju, chairman and CEO of Satyam Computer Services, owned up to an INR7,000 crore accounting fraud. Unsurprisingly, the company’s stock went into a free fall, tumbling from INR180 to INR6 in just two trading sessions. Bulk holders of Satyam dumped the stock, but many retail investors gradually began bottom fishing. The tide turned soon