Aviation stocks picked up momentum in Friday’s trade after the government braved intense political opposition to notify rules for allowing Aviation stocks gained momentum in Friday’s trade after the government braved intense political opposition to notify its decisions on FDI in aviation and retail.
Kingfisher Airlines is currently trading at Rs. 13.02, up by 0.54 points or 4.33% from its previous closing of Rs. 12.48 on the BSE. The scrip opened at Rs. 12.89 and has touched a high and low of Rs. 13.20 and Rs. 12.60 respectively. So far 3269013 shares were traded on the counter.
Spicejet is currently trading at Rs. 37.95, up by 1.15 points or 3.13% from its previous closing of Rs. 36.80 on the BSE. The scrip opened at Rs. 37.70 and has touched a high and low of Rs. 38.30 and Rs. 37.55 respectively. So far 2734270 shares were traded on the counter.
Jet Airways (India) is currently trading at Rs. 364.70, up by 4.70 points or 1.31% from its previous closing of Rs. 360.00 on the BSE. The scrip opened at Rs. 363.70 and has touched a high and low of Rs. 368.80 and Rs. 361.60 respectively. So far 212714 shares were traded on the counter.
Braving the intense political opposition and a nationwide bandh called by the opposition parties and some of its allies, the government showed its hard stand and notified the decisions taken last Friday, related to FDI in retail and aviation sectors and permitting greater foreign investment in some sections of the broadcasting sector. These notifications have given effect to the decisions taken by the Cabinet, putting an end to speculation about a possible roll back of its decisions.
Earlier, the government amid widespread protests from within and outside decided to allow 51 per cent foreign direct investment (FDI) in multi-brand retail, 100 per cent FDI in single-brand retail and 49 per cent FDI each in the civil aviation and power sectors.
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
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