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Aviation stocks sulk on ATF price hike

17 Jul 2012 Evaluate

In line with firm international oil rates, state owned oil companies, putting an end to their three month trend of price cuts, have hiked the prices of ATF or Jet fuel by 1.7%. Prices of aviation turbine fuel (ATF) or jet fuel in national capital were hiked by Rs 1,039.10 per kilolitre (kl) or 1.7% to Rs 62,208.18. In Mumbai, jet fuel will cost Rs 63,002.45 per kl from today as compared Rs 61,933.58 per kl previously.

The reduction in rates in six fortnights mainly triggered the increase in jet fuel prices, including a 5 per cent (Rs 3,260 per kl) cut in prices effected from June 16 and nearly 2 per cent (Rs 1,241 per kl) cut effected from July 1. Jet fuel, which scaled an all-time high level of Rs 71,028.26 per kl in August 2008 shortly after international oil rates touched a record $147 per barrel, fell to an eight-month low of Rs 61,169.08 per kl earlier this month.

Kingfisher Airlines is currently trading at Rs 9.86, down by 0.08 points or 0.80% from its previous closing of Rs 9.94 on the BSE. The scrip opened at Rs 10.36 and has touched a high and low of Rs 10.36 and Rs 9.66 respectively. So far 2492400 shares were traded on the counter.

Spicejet is currently trading at Rs 31.40, down by 0.40 points or 1.26% from its previous closing of Rs 31.80 on the BSE. The scrip opened at Rs 32.05 and has touched a high and low of Rs 32.25 and Rs 31.25 respectively. So far 1488314 shares were traded on the counter.

Jet Airways (India) is currently trading at Rs 363.05, down by 5.20 points or 1.41% from its previous closing of Rs 368.25 on the BSE. The scrip opened at Rs 369.00 and has touched a high and low of Rs 370.00 and Rs 361.45 respectively. So far 126095 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 4638.75
SpiceJet 13.88
Raymond 422.05
Global Vectra Helico 203.85
Taneja Aerospace 281.55
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