Aviation stocks fly on Friday

DSIJ Intelligence / 14 Oct 2016

Aviation stocks fly on Friday

Aviation stocks are surging on bourses on Friday . No-frill operator Spice Jet is up by 4.54 per cent or Rs 2.65 per share trading at Rs 61 per share on Friday on intra day basis. Jet Airways is trading at Rs 459 per share , up by almost Rs 7.10 per share or 1.57 per cent. Interglobe Aviations which runs its operations under the Indigo Brand is up by almost 1.28 per cent or Rs 12 per share, trading at Rs 949 per share on intraday basis.

Aviation stocks are surging on bourses on Friday . No-frill operator Spice Jet is up by 4.54 per cent or Rs 2.65 per share trading at Rs 61 per share on Friday on intra day basis. Jet Airways is trading at Rs 459 per share , up by almost Rs 7.10 per share or 1.57 per cent. Interglobe Aviations which runs its operations under the Indigo Brand is up by almost 1.28 per cent or Rs 12 per share, trading at Rs 949 per share on intraday basis.

Only recently Interglobe Aviation booked 47 new flights to expand its operations. The sector is seeing traction with festive season around and there is increased demand for the aviation services. The earnings numbers are expected to show some growth for the aviation pack with the seat load factor  (SLF) expected to improve considerably for the said companies.

Sensex is trading at 27712 levels up by almost 70 points on intraday basis. Markets are trading flat to positive after an eventful fall on Thursday. 

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