Shares of aviations companies — Jet Airways (India), InterGlobe Aviation and SpiceJet — started the new year on a cheerful note as all the three hit their new 52-week high on reports that oil marketing companies have reduced aviation turbine fuel (ATF) by 10 per cent.
At 12.19 am, shares of Jet Airways, InterGlobe Aviation and SpiceJet were trading 7.70 per cent, 10.45 per cent and 12.03 per cent up at Rs 756.55, Rs 1363 and Rs 84.30, respectively. Later, the share price of Jet Airways, SpiceJet and InterGlobe Aviation closed with 8.28 per cent, 9.44 per cent and 8.73 per cent gains at Rs 760.60, Rs 82.35 and Rs 1341.75, respectively.
So far, around 326.93 lakh shares of SpiceJet exchanged hands on the BSE as compared with two-week average daily volume of 123.19 lakh shares.
In 2015, the share price of SpiceJet and Jet Airways surged 337.50 per cent and 82.83 per cent, respectively. InterGlobe Aviation shares gained 40.47 per cent since listing on November 10.
Shares of Global Vectra Helicorp surged nearly 10 per cent and hit upper circuit at Rs 120.90.