HPCL, NMDC, Ashiana Housing, Bhansali Engineering Polymers, Bliss GVS Pharma, Globus Spirits, Ipca Laboratories, Bank of Maharashtra, and Schneider Electric Infrastructure are among 25 companies that are scheduled to announce
Orient Hotels, DCM Shriram, BPCL, Aurobindo Pharma, MAS Financial Services, Cholamandalam Investment and Dishman Carbogen are among 15 companies which are scheduled to announce their March quarter earnings today
Aviation stocks have been stranded on the runway for a long time and with no immediate support coming from the government towards them, SpiceJet and IndiGo were seen tanking as much as 11.3% on the stock market.
Aviation companies such as InterGlobe Aviation, SpiceJet and Jet Airways performed relatively better on a year-on-year basis in terms of topline and bottomline growth for the first quarter ended June 30, 2016.
The benchmark BSE Sensex plunged over 4 per cent in the past one year till May 26, 2016, while shares of Jet Airways and SpiceJet soared 65 per cent and 248 per cent, respectively, during the same period.
Let market competition and the business mechanics of the airline companies decide the air fares freely, any government intervention here will adversely impact the civil aviation sector like the Indian Railways.