Aviation stocks rally; Jet Airways jumps 3.5% on special fares
Shares of aviation companies zoomed after US crude tumbled below $31 a barrel on Tuesday, extending a sell-off that has sent the commodity to more than 12-year lows, hit by a global supply glut, a strong dollar and tepid demand. According to media reports, Aviation Minister is likely to cut VAT on jet fuel.
Jet Airways jumped 3.5% to Rs.776 after the company announced special inaugural fares for flights between India and Amsterdam, the airline’s new European gateway, commemorating the commencement of its maiden flights to Amsterdam on March 27, 2016. The scrip opened at Rs. 759 and has touched a high and low of Rs. 783.3 and Rs. 757.4 respectively. So far 7007945(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 8513.75 crore. The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 778.6 on 01-Jan-2016 and a 52 week low of Rs. 248.5 on 16-Jun-2015. Last one week high and low of the scrip stood at Rs. 760 and Rs. 725 respectively.
SpiceJet climbed 2.3% to Rs.82.40 on BSE.The scrip opened at Rs. 81.6 and has touched a high and low of Rs. 83.2 and Rs. 81.5 respectively. So far 6886571(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 4828.57 crore.
The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 85.9 on 01-Jan-2016 and a 52 week low of Rs. 16.7 on 27-Apr-2015. Last one week high and low of the scrip stood at Rs. 84.5 and Rs. 77.55 respectively.
InterGlobe Aviation soared 2% to Rs.1,265. The scrip opened at Rs. 1248 and has touched a high and low of Rs. 1280 and Rs. 1248 respectively. So far 1003709(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 44693.22 crore.
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