Airline stocks take off big time; Jet Airways leads with 6% gains

India Infoline News Service | Mumbai | April 06, 2016, 16:11 IST

The government hinted at scrapping 5/20 rule, as per media reports.

Jet-Airways1
Airline stocks rallied after the government hinted at scrapping 5/20 rule, as per media reports. 

Jet Airways (India) Ltd ended at Rs. 628.15, up by Rs. 33.6 or 5.65% from its previous closing of Rs. 594.55 on the BSE.
The scrip opened at Rs. 599 and touched a high and low of Rs. 632.8 and Rs. 599 respectively. A total of 7306868(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 6754.09 crore.
The BSE group 'A' stock of face value Rs. 10 touched a 52 week high of Rs. 796 on 13-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. 608.1 and Rs. 537.1 respectively.
The promoters holding in the company stood at 51 % while Institutions and Non-Institutions held 37.95 % and 11.05 % respectively.
The stock traded above its 100 DMA.
SpiceJet Ltd ended at Rs. 70.75, up by Rs. 2.05 or 2.98% from its previous closing of Rs. 68.7 on the BSE.
The scrip opened at Rs. 69.35 and touched a high and low of Rs. 71.2 and Rs. 69.25 respectively. A total of 9161952(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 4118.22 crore.
The BSE group 'B' stock of face value Rs. 10 touched a 52 week high of Rs. 95.3 on 28-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. 70.2 and Rs. 62.7 respectively.
The promoters holding in the company stood at 60.32 % while Institutions and Non-Institutions held 1.4 % and 38.28 % respectively.
The stock traded above its 50 DMA.


***Note: This is a NSE Chart

 

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