Aviation stocks take to the skies
DSIJ Intelligence / 30 Aug 2017
With Spicejet leading the pack, the aviation stocks were witnessing an upward momentum during early morning trade on Wednesday, on the BSE.
With Spicejet leading the pack, the aviation stocks were witnessing an upward momentum during early morning trade on Wednesday, on the BSE. Spicejet was trading by over 2%. Market observers opine that this may be on account of the government’s consolidated foreign direct investment (FDI) policy, released on Monday, that allows foreign airlines to own up to 49% stake in domestic passenger carriers, excluding Air India, subject to certain conditions.
Spicejet was trading at Rs 128.55 per share, up by Rs 2.65 or 2.10% as at 0953 hours on Wednesday, on the BSE. Among other aviation players, Jet Airways (India) was trading at Rs 554.50 per share, up by Rs 8.40 or 1.54%. The stock attracted a traded volume of 6,17,688 shares and traded value of Rs 3,412.36 lakhs on the NSE. Interglobe Aviation was trading at Rs 1,187 per share, up by Rs 13.25 or 1.13% and the stock attracted a traded volume of 45,398 shares and traded value of Rs 538.75 lakhs on the NSE.
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