Aviation stocks fly higher on the buzz of ATF price cut

01 Apr 2013

Airline stocks have been flying higher since early deals ever after some media reports suggested of Oil PSUs slashing Aviation Turbine Fuel or ATF prices by a steep 5.5%. Reversing the rising trend of past two months, ATF prices at T3 terminal in Delhi were cut by about Rs 3,885 per kilolitre (kl), or 5.5%, to Rs 66,196 per kl from today. The development comes as a relief as ATF accounts for nearly half of an Indian carrier’s operating cost, compared to 20-25 per cent globally.

Kingfisher Airlines is currently trading at Rs 8.37, up by 0.39 points or 4.89 % from its previous closing of Rs 7.98 on the BSE. The scrip opened at Rs. 7.62 and has touched a high and low of Rs. 8.37 and Rs. 7.62 respectively. So far 629335 shares were traded on the counter.

Spicejet is currently trading at Rs. 27.50, up by 0.85 points or 3.19 % from its previous closing of Rs. 26.65 on the BSE. The scrip opened at Rs 27.05 and has touched a high and low of Rs 28.10 and Rs 26.95 respectively. So far 2824660 shares were traded on the counter.

Jet Airways (India) is currently trading at Rs 541.95, up by 25.25 points or 4.89% from its previous closing of Rs 516.70 on the BSE. The scrip opened at Rs 526.00 and has touched a high and low of Rs 553.90 and Rs 518.55 respectively. So far 568690 shares were traded on the counter.

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Jet Airways (I) Share Price

135.50 2.60 (1.96%) Feb 26, 18:55
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Company Name CMP
Interglobe Aviation 1623.15
Jet Airways (I) 135.50
Hindustan Aeron 1087.40
Spice Jet 82.70
Global Vectra Helico 46.45
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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