 "Jet Airways, SpiceJet turns volatile post IndiGo listing")
Shares of Jet Airways (India) and SpiceJet have turned volatile after listing of InterGlobe Aviation, which owns low-budget airlines IndiGo.
Jet Airways and SpiceJet were trading lower and slipped by up to 10% from their morning highs on profit booking.
SpiceJet has dipped 6% to Rs 48.05, declining 10% from its 52-week high of Rs 53.30 touched in intra-day trade on the BSE. Jet Airways, too, slipped 4% to Rs 423, falling 7% from its intra-day high of Rs 455.
In past one-month, SpiceJet had zoomed 74%, while Jet Airways rallied 35% as compared to 3.5% decline in the S&P BSE Sensex.
At 11:19 AM, SpiceJet was down 2.5% at Rs 49.85 and Jet Airways by 1% at Rs 436 on BSE.
Meanwhile, InterGlobe Aviation was up 16% at Rs 887 against its issue price of Rs 765 on the BSE. The stock touched a high of Rs 898 and low of Rs 848. It listed at Rs 856 on the bourses. A combined 19.81 million shares changed hands on the counter on the BSE and NSE
Jet Airways and SpiceJet were trading lower and slipped by up to 10% from their morning highs on profit booking.
SpiceJet has dipped 6% to Rs 48.05, declining 10% from its 52-week high of Rs 53.30 touched in intra-day trade on the BSE. Jet Airways, too, slipped 4% to Rs 423, falling 7% from its intra-day high of Rs 455.
In past one-month, SpiceJet had zoomed 74%, while Jet Airways rallied 35% as compared to 3.5% decline in the S&P BSE Sensex.
At 11:19 AM, SpiceJet was down 2.5% at Rs 49.85 and Jet Airways by 1% at Rs 436 on BSE.
Meanwhile, InterGlobe Aviation was up 16% at Rs 887 against its issue price of Rs 765 on the BSE. The stock touched a high of Rs 898 and low of Rs 848. It listed at Rs 856 on the bourses. A combined 19.81 million shares changed hands on the counter on the BSE and NSE
