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Aviation stocks gain as Delhi govts mulls massive cut in ATF tax

08 Mar 2017 Evaluate

Spicejet is currently trading at Rs. 77.75, up by 2.50 points or 3.32% from its previous closing of Rs. 75.25 on the BSE. The scrip opened at Rs. 75.25 and has touched a high and low of Rs. 81.70 and Rs. 73.20 respectively. So far 23769045 shares were traded on the counter.

Jet Airways (India) is currently trading at Rs. 455.80, up by 19.10 points or 4.37 % from its previous closing of Rs. 436.70 on the BSE. The scrip opened at Rs. 438.40 and has touched a high and low of Rs. 465.35 and Rs. 426.10 respectively. So far 1319552 shares were traded on the counter.

InterGlobe Aviation is currently trading at Rs. 878.00, up by 17.70 points or 2.06% from its previous closing of Rs. 860.30 on the BSE. The scrip opened at Rs. 866.30 and has touched a high and low of Rs. 899.00 and Rs. 857.20 respectively.

Aviation stocks gained traction on the reports that the Delhi government will cut tax of air turbine fuel (ATF) to 1 per cent from 25 per cent in a bid to boost connectivity between the capital and northeast areas.

Peers
Company Name CMP
Interglobe Aviation 4890.00
SpiceJet 9.82
TAAL Tech 1049.95
Taneja Aerospace 329.70
Global Vectra Helico 135.25
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