 "Aviation shares rally; Jet Airways surges 10%")
Shares of aviation companies Jet Airways (India) and SpiceJet have surged up to 10% on the BSE in otherwise weak market on back of heavy volumes.
Jet Airways has rallied 10% to Rs 440 on the BSE with nearly two-fold jump in trading volumes. A combined 10.29 million shares changed hands on the BSE and NSE till 03:21 PM.
SpiceJet too soared 9% to Rs 47.10 on the BSE. Around 22 million shares already changed hands against an average 13 million shares that were traded daily in past two weeks on the BSE.
The Union government released a revised draft of the civil aviation policy on Friday proposing a viability gap funding for regional routes, liberal bilateral traffic rights, opening up foreign direct investment (FDI) in aviation, self-handling airport operations and retaining the route dispersal guidelines. CLICK HERE TO READ FULL REPORT.
Jet Airways has rallied 10% to Rs 440 on the BSE with nearly two-fold jump in trading volumes. A combined 10.29 million shares changed hands on the BSE and NSE till 03:21 PM.
SpiceJet too soared 9% to Rs 47.10 on the BSE. Around 22 million shares already changed hands against an average 13 million shares that were traded daily in past two weeks on the BSE.
The Union government released a revised draft of the civil aviation policy on Friday proposing a viability gap funding for regional routes, liberal bilateral traffic rights, opening up foreign direct investment (FDI) in aviation, self-handling airport operations and retaining the route dispersal guidelines. CLICK HERE TO READ FULL REPORT.
