Stocks of Jet Airways, Kingfisher Airlines and Spicejet, spurted on Tuesday following the announcement of approval by a Group of Ministers for direct import of jet fuel by airlines.
In a volatile market, the aviation stocks saw brisk buying and gained sharply while the benchmark index, Sensex, slipped by 85 points close at 17622.45.
Shares of Jet Airways ended 14.5 per cent higher at Rs. 341.20 on the BSE, while Kingfisher Airlines closed at Rs. 29.15, up 13.2 per cent. Spicejet shares were up 11 per cent to Rs. 27.30. On the National Stock Exchange Kingfisher stocks closed higher by 13.45 per cent at Rs. 29.20, while Jet Airways registered a rise of 14.14 per cent to end at Rs. 340.90.
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