Shares of Jet Airways (India) Limited halted its three-day decline and surged 13 per cent on Tuesday on value buying at lower levels.
The scrip, after a positive opening, jumped 11.57 per cent to ₹ 172.50 on the BSE.
At the NSE, shares zoomed 13 per cent to ₹ 174.95.
In the past three days, the scrip had plummeted 40.94 per cent.
Running into debt of more than ₹ 8,500 crore, Jet Airways has shut down operations temporarily after lenders decided against extending emergency funds for its survival.
Cash-starved Jet Airways, which has around 23,000 employees, has delayed payment of salaries to the employees, including pilots.