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Airline stocks gains after good growth in passenger traffic

20 Jun 2017 Evaluate

Jet Airways (India) is currently trading at Rs. 552.00, up by 7.70 points or 1.41 % from its previous closing of Rs. 544.30 on the BSE. The scrip opened at Rs. 547.70 and has touched a high and low of Rs. 555.60 and Rs. 545.50 respectively. So far 157507 shares were traded on the counter.

Spicejet is currently trading at Rs. 126.80, up by 2.25 points or 1.81 % from its previous closing of Rs. 124.55 on the BSE. The scrip opened at Rs. 127.00 and has touched a high and low of Rs. 128.20 and Rs. 126.45 respectively. So far 2652875 shares were traded on the counter.

InterGlobe Aviationis currently trading at Rs. 1226.10, up by 28 points or 2.34 % from its previous closing of Rs. 1198.10on the BSE. The scrip opened at Rs. 1210.00 and has touched a high and low of Rs. 1235.80 and Rs. 1207.10 respectively.

Airline stocks gained traction after passengers carried by domestic airlines grew by close 18% to 465.87 lakhs during January-May 2017 as against 396.04 lakhs in the corresponding period of previous year.

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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