In a major setback to beleaguered Indian aviation sector, the Parliament is unlikely to decide on the 49% foreign direct investment in the ongoing session. It is reported that a Member of Parliament commented that cabinet is unlikely to consider the FDI proposal before the end of May. The possible delay has pushed the airline stocks in red.
Jet Airways (India) is currently trading at Rs. 314.20, down by 14.65 points or 4.45% from its previous closing of Rs. 328.85 on the BSE. The scrip opened at Rs. 326.50 and has touched a high and low of Rs. 328.45 and Rs. 312.00 respectively. So far 177627 shares were traded on the counter.
Kingfisher Airlines is currently trading at Rs. 14.55, down by 0.45 points or 3.00% from its previous closing of Rs. 15.00 on the BSE. The scrip opened at Rs. 15.00 and has touched a high and low of Rs. 15.10 and Rs. 14.50 respectively. So far 1718911 shares were traded on the counter.
Spicejet is currently trading at Rs. 27.15, down by 1.05 points or 3.72% from its previous closing of Rs. 28.20 on the BSE. The scrip opened at Rs. 28.05 and has touched a high and low of Rs. 28.20 and Rs. 26.35 respectively. So far 2231364 shares were traded on the counter.
| Company Name | CMP |
|---|---|
| Interglobe Aviation | 4522.20 |
| SpiceJet | 13.99 |
| Raymond | 514.40 |
| Global Vectra Helico | 185.90 |
| Taneja Aerospace | 344.30 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: