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Aviation stocks fly high as govt mulls over allowing foreign carriers investment in domestic airlines

18 Jan 2012 Evaluate

Kingfisher Airlines is currently trading at Rs 26.30, up by 1.20 points or 4.78% from its previous closing of Rs 25.10 on the BSE. The scrip opened at Rs 26.70 and has touched a high and low of Rs 27.70 and Rs 26.00 respectively. So far 2834653 shares were traded on the counter.

Jet Airways is currently trading at Rs 254.55, up by 19.65 points or 8.37% from its previous closing of Rs 234.90 on the BSE. The scrip opened at Rs 238.00 and has touched a high and low of Rs 264.40 and Rs 238.00 respectively. So far 1319920 shares were traded on the counter.

Spicejet is currently trading at Rs 23.40, up by 1.05 points or 4.70% from its previous closing of Rs 22.35 on the BSE. The scrip opened at Rs 23.80 and has touched a high and low of Rs 24.60 and Rs 23.20 respectively. So far 6810122 shares were traded on the counter.

India's cash strapped aviation industry is likely to get a new lease of subsistence as the Civil Aviation and Union Finance ministers in their meeting agreed upon permitting foreign carriers to buy stakes in Indian airline up to 49 percent. The proposal to allow foreign airlines, which are at presently barred from owning stakes in domestic carriers, to infuse 49 percent foreign direct investment (FDI) in Indian carriers will soon be presented before the Union Cabinet for approval.

Jet Airways (I) Share Price

34.04 0.00 (0.00%)
07-Nov-2024 00:00 View Price Chart
Peers
Company Name CMP
Interglobe Aviation 4638.75
SpiceJet 13.88
Raymond 422.05
Global Vectra Helico 203.85
Taneja Aerospace 281.55
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