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Aviation stocks trade mixed despite the proposal of raising ECB cap for the sector stocks

16 Mar 2012 Evaluate

Aviation stocks were trading mixed despite the Finance Minister announcing FDI of 49% in Aviation sector under active consideration besides the proposal of raising ECB cap for Airline stocks at the Union Budget 2012-13.

Spicejet is currently trading at Rs. 23.95, down by 1.10 points or -7.78%  from its previous closing of Rs. 25.05 on the BSE. The scrip opened at Rs. 24.90 and has touched a high and low of Rs. 25.95 and Rs. 23.05 respectively. So far 8027375 shares were traded on the counter.

Jet Airways (India) is currently trading at Rs 318.95, down by 10.65 points or 3.23% from its previous closing of Rs 329.60 on the BSE. The scrip opened at Rs 331.00 and has touched a high and low of Rs 344.00 and Rs 316.10 respectively. So far 838994 shares were traded on the counter.

Kingfisher Airlines is currently trading at Rs 21.35, up by 0.45 points or 2.15% from its previous closing of Rs 20.90 on the BSE. The scrip opened at Rs 20.95 and has touched a high and low of Rs 22.25 and Rs 20.75 respectively. So far 7061368 shares were traded on the counter.

Peers
Company Name CMP
Interglobe Aviation 4934.85
SpiceJet 9.85
TAAL Tech 1086.15
Taneja Aerospace 345.90
Global Vectra Helico 138.40
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