Aviation stocks were trading higher after the government allowed airlines to increase flights up to 60 per cent of their total capacity.
Spicejet is currently trading at Rs. 52.25, up by 1.40 points or 2.75% from its previous closing of Rs. 50.85 on the BSE. The scrip opened at Rs. 53.40 and has touched a high and low of Rs. 53.70 and Rs. 52.15 respectively.
Interglobe Aviation is currently trading at Rs. 1273.40, up by 25.45 points or 2.04% from its previous closing of Rs. 1247.95 on the BSE. The scrip opened at Rs. 1262.40 and has touched a high and low of Rs. 1304.20 and Rs. 1253.90 respectively.
Jet Airways (India) is currently trading at Rs. 28.85, up by 1.20 points or 4.34% from its previous closing of Rs. 27.65 on the BSE. The scrip opened at Rs. 27.70 and has touched a high and low of Rs. 29.00 and Rs. 27.55 respectively.
Aviation regulator Directorate General of Civil Aviation issued the order to increase the capacity against the previous cap of one-third capacity. Indian airlines resumed domestic operations from May 25 after being grounded for two months due to the lockdown to contain the Covid-19 pandemic.
