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Aviation stocks fly high after FM announces domestic Air traffic doubled in last 5 years

01 Feb 2019 Evaluate

Aviation stocks flies high as Finance Minister Piyush Goyal announced that domestic Air traffic doubled in last 5 years.

Jet Airways (India) is currently trading at Rs. 255.50, up by 18.10 points or 7.62% from its previous closing of Rs. 237.40 on the BSE. The scrip opened at Rs. 239.75 and has touched a high and low of Rs. 281.50 and Rs. 234.30 respectively. So far 2511893 shares were traded on the counter.

Spicejet is currently trading at Rs. 81.45, up by 0.90 points or 1.12% from its previous closing of Rs. 80.55 on the BSE. The scrip opened at Rs. 81.35 and has touched a high and low of Rs. 84.00 and Rs. 80.25 respectively. So far 622014 shares were traded on the counter.

Because of ‘UDAAN Scheme’, an ordinary citizen is also travelling by air now days. The number of operational airports has crossed 100 with the commissioning of the Pakyong airport in Sikkim. Domestic passenger traffic has doubled during the last five years leading to large number of jobs being created also.

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