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Aviation stocks fly high as govt plans to expand airport capacity by 5 times to 1 billion trips a year

01 Feb 2018 Evaluate

Shares of companies related to aviation sector flew high after the government plans to expand airport capacity by 5 times to 1 billion trips a year and allocated Rs 60 crore to kick start the airport expansion.

SpiceJet is currently trading at Rs. 132.80, up by 8.55 points or 6.88 % from its previous closing of Rs. 124.25 on the BSE. The scrip opened at Rs. 124.25 and has touched a high and low of Rs. 135.00 and Rs. 122.25 respectively. So far 2035175 shares were traded on the counter.

Jet Airways (India) is currently trading at Rs. 762.45, up by 8.80 points or 1.17% from its previous closing of Rs. 753.65 on the BSE. The scrip opened at Rs. 759.00 and has touched a high and low of Rs. 764.60 and Rs. 752.45 respectively. So far 103794 shares were traded on the counter.

Interglobe Aviation is currently trading at Rs. 1222.30, up by 10.60 points or 0.87% from its previous closing of Rs. 1211.70 on the BSE. The scrip opened at Rs. 1217.60 and has touched a high and low of Rs. 1235.00 and Rs. 1207.40 respectively. So far 11746 shares were traded on the counter.

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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