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Airlines stocks in somber mood as DGCA caps airfares

11 May 2012 Evaluate

The Directorate General of Civil Aviation blasted at airlines over the rise in fares on certain routes by around 15-20%. The aviation regulator observed that during the reviewed course of time there was no significant rise in the cost of operations of the airlines.

Furthermore, it has asked airlines to ensure no hike in the fare prices considering the agitation in Air India and Kingfisher and surge in demand. Airlines have been ordered to stick to the fare band as published on websites and it should not be breached.

Spicejet is currently trading at Rs. 26.50, down by 2.60 points or 8.93% from its previous closing of Rs. 29.10 on the BSE. The scrip opened at Rs. 28.90 and has touched a high and low of Rs. 28.90 and Rs. 26.25 respectively. So far 4101637 shares were traded on the counter.

Jet Airways (India) is currently trading at Rs. 299.05, down by 7.80 points or 2.54% from its previous closing of Rs. 306.85 on the BSE. The scrip opened at Rs. 304.00 and has touched a high and low of Rs. 309.70 and Rs. 296.60 respectively. So far 182881 shares were traded on the counter.

Kingfisher Airlines is currently trading at Rs. 13.65, down by 0.25 points or 1.80% from its previous closing of Rs. 13.90 on the BSE. The scrip opened at Rs. 13.85 and has touched a high and low of Rs. 14.85 and Rs. 13.20 respectively. So far 3989312 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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