 "Jet Airways, SpiceJet rally on infra status hope")
Shares of aviation companies such as Jet Airways (India) and SpiceJet have gained up to 6% on the bourses on media reports that the aviation ministry may seek infra status for airlines.
Among individual stocks, Jet Airways has rallied 6% to Rs 427 on BSE. The stock hit a high of Rs 429, its highest level since October 2013. Since November 25, 2014, the stock rallied 74% from Rs 245, due to falling crude oil prices.
SpiceJet was trading 5% higher at Rs 16, after hitting high of Rs 16.90 on BSE. Till 1029 hours, around 13.92 million shares changed hands against an average 18.6 million shares that were traded daily in past two weeks on BSE and NSE.
According to Business Standard reports, the ministry of civil aviation might ask the finance ministry for infrastructure status to the airline sector, battling high operating costs.
Meanwhile, the SpiceJet clarified that the company is not under a "Cash-and-Carry" payment mode with Airport Authority of India as wrongly reported in certain sections of the media.
Among individual stocks, Jet Airways has rallied 6% to Rs 427 on BSE. The stock hit a high of Rs 429, its highest level since October 2013. Since November 25, 2014, the stock rallied 74% from Rs 245, due to falling crude oil prices.
SpiceJet was trading 5% higher at Rs 16, after hitting high of Rs 16.90 on BSE. Till 1029 hours, around 13.92 million shares changed hands against an average 18.6 million shares that were traded daily in past two weeks on BSE and NSE.
According to Business Standard reports, the ministry of civil aviation might ask the finance ministry for infrastructure status to the airline sector, battling high operating costs.
Meanwhile, the SpiceJet clarified that the company is not under a "Cash-and-Carry" payment mode with Airport Authority of India as wrongly reported in certain sections of the media.
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