1. IndiGo, SpiceJet shares fall after 9.2% hike in ATF price; Jet Airways outperforms

IndiGo, SpiceJet shares fall after 9.2% hike in ATF price; Jet Airways outperforms

Shares of airline majors such as InterGlobe Aviation, Jet Airways and SpiceJet were trading mixed in the morning trade on Wednesday after oil marketing companies hiked jet fuel prices by 9.2 per cent to Rs 46,729.48 in Delhi.

By: | New Delhi | Updated: June 1, 2016 10:44 AM
jet airways spicejet interglobe aviation bse sensex nse nifty Shares of airline majors such as InterGlobe Aviation, Jet Airways and SpiceJet were trading mixed in the morning trade on Wednesday after oil marketing companies hiked jet fuel prices by 9.2 per cent to Rs 46,729.48 in Delhi.(Reuters)

Shares of airline majors such as InterGlobe Aviation, Jet Airways and SpiceJet were trading mixed in the morning trade on Wednesday after oil marketing companies hiked jet fuel prices by 9.2 per cent to Rs 46,729.48 in Delhi.

At 10.14 am, InterGlobe Aviation shares were trading 1.87 per cent down at Rs 1040.65. The scrip opened at Rs 1060 and has touched a high and low of Rs 1060 and Rs 1,039, respectively, in trade so far.

Other aviation major Jet Airways were trading 1.62 per cent down at Rs 578.50. Shares of the company opened at Rs 582 and has touched a high and low of Rs 582 and Rs 575, respectively, in trade so far.

On the other hand, SpiceJet was trading 0.59 per cent up at Rs 68.65. The scrip opened at Rs 68.50 and has touched a high and low of Rs 69.65 and Rs 68.10, respectively, in trade so far.

ATF prices in Kolkata increased from Rs 47561.18 to Rs 51492.43. In Mumbai, fuel prices increased from Rs 41,756.16 to Rs 45700.55 and in Chennai jet fuel prices hiked to Rs 49404.76 from 45,346.82 on May 1, 2016.

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