Aviation stocks, with no surprises, were trading sanguine post cabinet, on Friday, decided to allow foreign airlines to buy up to 49 per cent stake in local carriers, a step that is expected to give a boost to cash-strapped aviation industry. The Cabinet Committee on Economic Affairs approved the proposal which would pave way for much-needed equity infusion into India's airlines passing through acute turbulence as most of them are in dire need of funds for operations.
Spicejet is currently trading at Rs 38.45, up by 3.95 points or 11.45% from its previous closing of Rs 34.50 on the BSE. The scrip opened at Rs 39.80 and has touched a high and low of Rs 41.30 and Rs 37.85 respectively. So far 12706532 shares were traded on the counter.
Kingfisher Airlines is currently trading at its upper circuit limit of Rs 12.97, up by 2.16 points or 19.98% from its previous closing of Rs 10.81 on the BSE. The scrip opened at Rs 12.50 and has touched a high and low of Rs 12.97 and Rs 11.82 respectively. So far 10963900 shares were traded on the counter.
Jet Airways (India) is currently trading at Rs 375.00, up by 6.65 points or 1.81% from its previous closing of Rs 368.35 on the BSE. The scrip opened at Rs 376.55 and has touched a high and low of Rs 398.60 and Rs 372.60 respectively. So far 494218 shares were traded on the counter.
Company Name | CMP |
---|---|
Interglobe Aviation | 4296.85 |
SpiceJet | 60.53 |
Global Vectra Helico | 191.40 |
Jet Airways (I) | 46.25 |
Taneja Aerospace | 451.70 |
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