 "Aviation shares in focus; Jet Airways, SpiceJet up over 5%")
Shares of aviation companies are in focus with Jet Airways and SpiceJet trading higher by up to 9% each on the Bombay Stock Exchange (BSE).
SpiceJet surged 9% to Rs 25.20, while Jet Airways (India) gained 7% to Rs 333 on the BSE in early morning trade.
IndiGo, which is awaiting approval for its initial public offer (IPO), reported a net profit of Rs 1,304 crore for 2014-15, mainly on account of low fuel costs, passenger growth and better yields.
The latest filing indicates the airline’s net profit in the March quarter of 2014-15 stood at Rs 584 crore. In the nine months ended December 2014, IndiGo had made a net profit of Rs 720 crore. CLICK HERE TO READ FULL REPORT.
SpiceJet surged 9% to Rs 25.20, while Jet Airways (India) gained 7% to Rs 333 on the BSE in early morning trade.
IndiGo, which is awaiting approval for its initial public offer (IPO), reported a net profit of Rs 1,304 crore for 2014-15, mainly on account of low fuel costs, passenger growth and better yields.
The latest filing indicates the airline’s net profit in the March quarter of 2014-15 stood at Rs 584 crore. In the nine months ended December 2014, IndiGo had made a net profit of Rs 720 crore. CLICK HERE TO READ FULL REPORT.