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Possible delay in FDI lands Airline stocks in red

03 May 2012 Evaluate

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.

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 4522.20
SpiceJet 13.99
Raymond 514.40
Global Vectra Helico 185.90
Taneja Aerospace 344.30
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