Latest News
-
Rs 24/Share Dividend: Buy Large Cap FMCG Stock, Highest TP Rs 2900: Motilal, PL, 5paisa Bullish -
Gold Prices In US: Yellow Metal Rates Recover Amidst Economic Uncertainty, GDP Data In Focus -
Vodafone Idea FPO: Shares To Debut Tomorrow; GMP Hints Premium Listing; Shares Slump 9% -
HUL Q4: FMCG Giant Declares 6% Fall In Net To Rs 2406 Cr, Rs 24/Share Dividend Announced -
Closing Bell: Market Ends With Gains For The 4th Straight Day; Nifty Holds Above 22,400, Banks Lead Gains -
1:10 Split, 5 Bonus, 70% Dividend: Crorepati Defene PSU Hits New High, 108605% Returns; BUY For Long Term -
Rs 55/Share Dividend Announced: Multibagger Refineries PSU Declares 72% Jump In Q4 Profit -
PayU Gets RBI's In-principle Nod To Operate As Payment Aggregator -
Rekha Jhunjhunwala Portfolio Stock Jubilant Ingrevia Hits Record High; More Upside Ahead? -
Gold Prices: 10 Grams Of 22-24 Carats Rise By Rs 9,500 To Rs 10,600 From 2024 Lows; Strategy For Buying
For Daily Alerts
Aviation shares surge on hopes of FDI
The shares of the aviation sector rose on Wednesday after reports that the government will take measures to allow foreign investment in the sector.
As per reports, it also quoted by a senior government official saying that measures on foreign direct investment, including possibly in multi-brand retail, could come after Friday's cabinet meeting.
At 11.40 a.m. on BSE, SpiceJet was trading higher by 5.59% at Rs 31.15. It has hit a high of Rs 31.50.
Kingfisher Airlines Ltd surged 3.06% at Rs 9.09. It has hit a high of Rs 9.13.
Jet Airways Ltd was trading higher by 2.75% at Rs 345.75. It has hit a high of Rs 347.70 today.
The positive decision from government will boost the aviation sector which is under high debt and operational issues.
Currently, Indian policy allows up to 49% FDI in airlines. However, foreign carriers are not allowed to invest.
GoodReturns.in
Story first published: Wednesday, September 12, 2012, 11:55 [IST]
More From GoodReturns
