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.
| Company Name | CMP |
|---|---|
| Interglobe Aviation | 3566.90 |
| SpiceJet | 61.94 |
| Global Vectra Helico | 192.75 |
| Jet Airways (I) | 48.40 |
| Taneja Aerospace | 466.20 |
| View more.. | |
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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.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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