Will ATF price hike, Jet Airways' return hurt IndiGo, Spicejet's stocks?

Jet Airways has crossed the 200-weekly moving average (WMA) for the first time since mid-2018, a period of almost 4 years, which indicates an underneath positive bias

Aviation stocks have held their ground so far this week even as the government hiked jet fuel prices by a steep 5.3 per cent - the tenth straight increase this year - to an all-time high, early this week. 

The price of aviation turbine fuel (ATF) -- the fuel that helps aeroplanes fly -- was hiked by Rs 6,188.25 per kilolitre, or 5.29 per cent, to Rs 1,23,039.71 per kl (Rs 123 per litre) in the national capital, according to a price notification of state-owned fuel retailers. READ MORE

Separately, Jet Airways has inched closer to its second stint as