Deccan Aviation flies high on ATF futures launch

DALAL STREET SPIKES

This will enable airline companies to hedge against any rise in the ATF prices, which constitute 35-40 per cent of airlines' material costs. Deccan Aviation was the biggest gainer, rising by 24.06 per cent to Rs 72.45.

The counter saw volumes of 21,49,731 shares, or about 9.4 times the two-week average. The Deccan Aviation shares are trading 78 per cent off their Dec 19, 2007 peak of Rs 335.