Jet Airways (India) is currently trading at Rs. 353.05, down by 6.35 points or 1.77% from its previous closing of Rs. 359.40 on the BSE. The scrip opened at Rs. 359.40 and has touched a high and low of Rs. 365.10 and Rs. 351.55 respectively. So far 601368 shares were traded on the counter.
Spicejet is currently trading at Rs. 60.50, down by 0.30 points or 0.49% from its previous closing of Rs. 60.80 on the BSE. The scrip opened at Rs. 60.95 and has touched a high and low of Rs. 62.00 and Rs. 60.40 respectively. So far 1121951 shares were traded on the counter.
Global Vectra Helicorp is currently trading at Rs. 82.85, down by 1.55 points or 1.84% from its previous closing of Rs. 84.40 on the BSE. The scrip opened at Rs. 85.00 and has touched a high and low of Rs. 85.00 and Rs. 82.55 respectively. So far 4044 shares were traded on the counter.
Aviation stocks came under pressure after the report that India’s Airlines industry may have to bear an additional tax burden of up to Rs 15,000 crore annually once the Goods and Services Tax (GST) is implemented. The additional tax burden may push airlines, most of which have turned profitable, into losses again, coming as it does at a time when global fuel prices are flaring up.
