Jet Airways shares plunge to record low and may continue to do so. Know why
According to a report published in The Mint newspaper, Hinduja Group is believed to have decided to halt negotiations to pick up a stake in the beleaguered airline

Bengaluru: Shares of debt-ridden airline Jet Airways hit a record low when it plunged nearly 13 percent in Tuesday morning to settle at Rs 109.35, touching a new low in the last 52 weeks. The plunge occurred a day after reports in some sections of the media said that Hinduja Group and Etihad Airways may not invest in the airline and the downward trend looks set to continue. It’s noteworthy that the market had kept its faith in the airline even at the time it was shutting down operations. The shares at the time had not taken such a hit and had continued to bob in the hope that Jet would, after all, find an investor. Jet was forced to shut down operations in April and its lenders have been looking for a bidder since then.