Airline stocks gain; Jet Airway jumps 4%

India Infoline News Service | Mumbai | November 28, 2016 11:05 IST

SpiceJet reported a rise of 103% in its net profit for the second quarter of 2016-17. The company's Q2 net profit stood at Rs 58.9 crore from Rs 29 crore reported in the corresponding quarter of 2015-16.

Jet-Airways1
Shares of airline stocks rose on Monday as uncertainty over the deal to cut output by the Organization of the Petroleum Exporting Countries at a meeting on Wednesday pushed oil prices down.

Jet Airways (India) Ltd
is currently trading at Rs 384.8, up by Rs 14.3 or 3.86% from its previous closing of Rs 370.5 on the BSE. The scrip opened at Rs 370.5 and has touched a high and low of Rs 387.1 and Rs 368.15 respectively. So far 1384339 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 4208.88 crore.

Interglobe Aviation Ltd
is currently trading at Rs 904.9, up by Rs 34.6 or 3.98% from its previous closing of Rs 870.3 on the BSE. The scrip opened at Rs 871.55 and has touched a high and low of Rs 925.85 and Rs 864 respectively. So far 259571 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 31729.05 crore.

SpiceJet Ltd is currently trading at Rs 66.2, up by Rs 0.85 or 1.3% from its previous closing of Rs 65.35 on the BSE. The company reported a rise of 103% in its net profit for the second quarter of 2016-17. The company's Q2 net profit stood at Rs 58.9 crore from Rs 29 crore reported in the corresponding quarter of 2015-16.

***Note: This is a NSE Chart

 

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