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Revival hopes fuel 500% surge in Jet Airways stock since September 2020

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52-week high: Stock market update: 97 stocks hit 52-week highs on NSE

Explore Now Benchmark NSE Nifty index was trading -24.65 points down at 13735.90 on Monday on account of selling in frontline bluechip counters. Among the stocks that touched their 52-week highs on NSE were: AGC Networks; Bharat Electronics (BEL); Cadila Healthcare; HFCL Ltd; Max Financial Services; Jet Airways (India); Sintercom India; Titan; TCI Express; Narayana Hrudayalaya. Overall, 16 shares were trading in green in Nifty50 index, while 33 were trading in red in the afternoon trade. In the Nifty 50 index, Cipla, HCL Tech, Sun Pharma, Infosys and Larsen & Toubro were among top gainers, while M&M, GAIL, ONGC, Indian Oil Corp and Tata Motors were trading in red.

Jet Airways, Vakrangee and 27 other stocks gain over 100% in one month

Shares of Jet Airways (India), Vakrangee, Goldan Tobacco, Suven Life Sciences, Orchid Pharma, Bafna Pharma, Dynacons Systems & Solutions and Aarvee Denims were among the 29 stocks that have seen their market price more-than-double in the past one month on strong rally in equity markets. Shares of Jet Airways (India) were locked in the 5 per cent upper circuit band for the eighth straight day, surging 102 per cent in the past one month on revival hopes. The stock was trading at its 52-week high level in the intra-day deals today. According to a Business Standard report, the new owners of Jet Airways plan to operate it as a full-service airline with a strong presence in the domestic market while connecting prominent European and West Asian cities with Delhi, Mumbai, and Bengaluru. Jet, which was grounded in April 2019 as it ran out of cash and failed to get emergency funding, will remain listed, according to a person close to the owners.

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