Three airline stocks rose by 0.92% to 7.24% at 12:19 IST on BSE after the finance minister in the budget said that that Airports Authority of India to expand size of airports by 5 times.
Spicejet (up 7.24%), Jet Airways India (up 1.51%) and InterGlobe Aviation (up 0.92%) gained.
Meanwhile, the S&P BSE Sensex was down 70.82 points or 0.2% at 35,893.76.
Finance Minister said that Airports Authority of India now has 124 airports, this will be expanded by 5 times. The government aims of 1 billion trips a year, he added. The low-cost air connectivity scheme, UDAN, will connect 56 unserved airports and 31 unserved helipads, he said. Operations at 16 airports have started under regional connectivity scheme UDAN, he said.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
