Two aviation stocks rose 1.92% and 3.09% at 10:55 IST on BSE on reports the aviation ministry has drawn up a plan to push infrastructure development, e-governance and air connectivity during the first 100 days of the new government.
Jet Airways (India) (up 3.09% at Rs 252.15) and SpiceJet (up 1.92% at Rs 18.55) edged higher.
Meanwhile, the S&P BSE Sensex was down 11.17 points or 0.04% at 25,179.31.
Reports suggested that last fortnight the aviation ministry followed up on a string of consultations to hand over a list of over a dozen action points to the Prime Minister's Office (PMO) - to be achieved in the next 100 days.
State-owned Airports Authority of India (AAI) has identified 50 airports across the country to be built on the low-cost model, as per reports. The strategic Port Blair airport is also likely to be modernized, the contract for which will be awarded within 100 days, reports added.
The aviation sector has been hit by a slump in domestic passengers even as high airport and fuel charges have buffeted airlines with losses running into billions of rupees.
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