 "Jet Airways, SpiceJet hit 52-week high; IndiGo touches new high since listing")
Shares of airline companies – Jet Airways (India), InterGlobe Aviation and SpiceJet -- have moved higher by up to 6% in noon deals, on back of heavy volumes.
Jet Airways (India) has surged 6% to Rs 699, also its fresh 52-week high on the National Stock Exchange (NSE), after the exchange will include the stock in future and options (F&O) segment from tomorrow.
The trading volumes on the counter nearly doubled with a combined 8.25 million shares have already changed hands on the NSE and BSE till 01:05 p.m.
On Wednesday, the NSE through a circular said that F&O contracts on Container Corporation of India, Jet Airways (India), Godrej Consumer Products and Torrent Pharmaceuticals would be available for trading w.e.f. January 1, 2016.
Among the other individual stocks, InterGlobe Aviation-operating the 'IndiGo' brand has rallied 4% to Rs 1,243 on the NSE, its highest level since listing in November this year. SpiceJet too gained 4% to Rs 75.60 on the BSE in intra-day trade.
The S&P BSE Sensex and Nifty 50 index were trading flat at 25,964 and 7,900, respectively.
Thus far in 2015, shares of SpiceJet zoomed 340%, while of Jet Airways by 82% as compared to 5% decline in the benchmark indices.
Indigo surged 62% against its issue price of Rs 765 per share. Motilal Oswal Securities in a recent report attributed a fair value of Rs 1,478 to the Indigo stock.
Jet Airways (India) has surged 6% to Rs 699, also its fresh 52-week high on the National Stock Exchange (NSE), after the exchange will include the stock in future and options (F&O) segment from tomorrow.
The trading volumes on the counter nearly doubled with a combined 8.25 million shares have already changed hands on the NSE and BSE till 01:05 p.m.
On Wednesday, the NSE through a circular said that F&O contracts on Container Corporation of India, Jet Airways (India), Godrej Consumer Products and Torrent Pharmaceuticals would be available for trading w.e.f. January 1, 2016.
Among the other individual stocks, InterGlobe Aviation-operating the 'IndiGo' brand has rallied 4% to Rs 1,243 on the NSE, its highest level since listing in November this year. SpiceJet too gained 4% to Rs 75.60 on the BSE in intra-day trade.
The S&P BSE Sensex and Nifty 50 index were trading flat at 25,964 and 7,900, respectively.
Thus far in 2015, shares of SpiceJet zoomed 340%, while of Jet Airways by 82% as compared to 5% decline in the benchmark indices.
Indigo surged 62% against its issue price of Rs 765 per share. Motilal Oswal Securities in a recent report attributed a fair value of Rs 1,478 to the Indigo stock.
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