Posts filed under 'Aviation'
The markets closed flat today after a stellar rally yesterday. The SENSEX closed at 16451.50 down 14.55 (-0.09%) while the NIFTY closed at 4955.80 slipping 11.50 (-0.23%). Much of the damage was in midcap and smallcap stocks with the CNX Midcap closing at 6647.50 down 77.80 (-1.16%) while BSE Smallcap closed at 6195.70 down 62.75 (-1%).
It appeared that the markets have already lost stream and the short term peak was already approached. Experts however say that considering that some renewed buying interest was seen, it is too early to say that the revesal of course is on charts.
While Reliance Industries closed up, TCS which announced good numbers yesterday took a beating today. Experts believe the current stock price already is factoring its potential near-future growth and that a target of Rs. 1200 is max for the script, atleast in the next 12 months time frame.
Reliance is considering a share buyback on January 20 when it will be announcing its results. This moved the script which closed at Rs. 779.75 up 37.70 (5.08%) with a volume of 9.25m shares traded.
The Supreme Court of India Essar Oil is not eligible for sales tax benefit and that the company will have to pay sales tax to Gujarat State Government of approximately Rs 6300 cr. The script closed at 51.15 slipping 7.05 (-12.11%) with 24.8m shares traded.
Lenders may infuse USD 250 mn equity in Kingfisher Airlines. The script closed at Rs. 25.35 gaining 0.25 (1%) with a volume of 14.49m shares traded.
January 18th, 2012
The Indian stock markets had yet another bad Monday morning with the SENSEX slipping back to 16745.35 losing 188.48 points or 1.11% in trade today. The NIFTY is almost close to testing the 5000-mark and closed at 5031.95 shedding 52.30 points or 1.03%.
Nifty toppers of the day includes Maruti Suzuki, GAIL, Jaiprakash Asso (all 3 up by over 2% each), HCL Tech and ACC (both up 1% each) amongst others. On the losers end are Reliance Infra (down over 4%), Sterlite Ind (down over 3%), L&T, ICICI Bank, Sun Pharma, Axis Bank, NTPC (each down over 2%), DLF, Cipla, ONGC, Sesa Goa, Power Grid Corp, Rel Capital (each down over 1%) amongst others.
News reports say that Volkswagen may launch an hostile takeover of Suzuki. Volkswagen holds 19.9% in Suzuki. Back home, Maruti Suzuki stock zoomed upwards by gaining Rs. 31.30 and closed at Rs. 1140.75 up 2.82% with volumes of 1.4m.
Jet Airways has hiked fuel surcharge by Rs 200 per domestic sector - effective from September 17. The script closed at Rs. 275.85 gaining Rs. 3.30 or 1.21% with a volume of 912.71k shares traded.
September 19th, 2011
The attempts to recover and stay in the green territory made during pre-noon went waste after the markets lost steam dragging the Indian stock markets into the red.
The BSE SENSEX lost 34.3 points and closed at 16467.44 points. It is down 0.21% today. NIFTY closed at 4940.95 losing 5.85 or 0.12%. The CNX Midcap closed at 7240.50 gaining 4.90 points or 0.07% while the BSE Smallcap closed at 7169.07 gaining a mere 1.01 point at 0.01%.
Top gainers of the day include Cairn India (up over 5%), ACC, DLF, Sesa Goa and Kotak Mahindra (all up over 2% each) amongst others. On the losing end are Tata Motors (down over 4%), SBI, Sun Pharma, Tata Power, Cipla, SAIL and HUL (all down over 1% each).
Volume shokers of the day include WABCO India, Euro Ceramics, FAG Bearings, Kamat Hotels, P and G, Arshiya Intl, Pennar Inds, Tata Metaliks, Mahindra Forg and Kaveri Seed Co.
SpiceJet (BSE: 500285; NSE: MODILUFT; ISIN: INE285B01017) was in news today that its promoters would infuse money via new shares and would be taking additional 5% stake in company. The script closed the day at Rs. 25.45 gaining Rs. 1.45 or 6.04% amidst a volume of 6.72m shares traded today.
Reports of Advance Income Tax Payments made by corporates are coming out. NTPC (BSE: 532555; NSE: NTPC; ISIN: INE733E01010) is reported to have been paying around Rs 721 crores for the period July-September. The stock closed at Rs. 163.30 gaining Rs. 1.20 or 0.74%.
September 13th, 2011
Monday, September 01, 2008 12:31:02 PM IST
SpiceJet is in news that it has decided not to cut domestic air fares despite the recent slash of aviation fuel prices by 16%. NSE Nifty is at 4293.7 down 1.5% and BSE Sensex managing 14300 levels and is down 1.76%
SpiceJet is in news that it has decided not to cut domestic air fares despite the recent slash of aviation fuel prices by 16%. An official from the airliner, speaking to a Business press was quoted saying that it takes about 2 - 3 months for the prices to stabilise. The announcement came close in heels after Indian Oil Limited (IOL) has announced it is reducing the domestic jet fuel rates by about 16% effective from Monday with the International Crude prices cooling a bit.
SpiceJet is trading at 27.90 levels up 2.2%. Its peers Jet Airways is at 492.9 levels and Deccan Aviation is at 83.65. The three aviation stocks are in the green today with Deccan up by over 5.4% at the moment.
The markets are in the red since the morning and are going in a range bound manner during the last hour of trade. The CNX IT is down by 0.53% while Bank Nifty is down 2.35%. The broder CNX 500 is down 1.34%.
Top losers on the Nifty so far include Maruti (down over 4%), Reliance Infra, Tata Steel, Reliance Communications, Bharti Airtel, SAIL (all over over 3%), ICICI Bank, BPCL, SBI and Hindustan Unileaver (all over over 2%)
Gainers list on the Nifty includes HCL Tech (up 3%), Hero Honda (up 2%), Sun Pharma (up over 1%), Dr. Reddy, Zee Limited, Cairn, RPL and Reliance (all marginally in the green)
All sectoral indices on the BSE are now in the red with inflationary-sectors Banks and Power down by over 2%. Metal and FMCG too slipped a bit more now.
1 U.S. dollar = 43.7407 Indian Rupees
1 U.S. dollar = 108.2368 Japanese Yens
1 U.S. dollar = 0.6838 Euros
1 Ounce Gold = $831.30
1 Barrel Crude Oil = $116.41
September 1st, 2008
The Indian stock markets are making further inroads to newer higher levels having opened upwards in the positive territory today.
Nifty is back at 4400 levels and is at 4410.35 up by 0.96%. CNX IT is marginally in the green while Bank Nifty is positive and has gained 1.11% in todays trade so far.
The BSE Sensex us up 120 points and is currently at 14,664.37 having opened at 14,610.57 early this morning. The BSE Midcap index is up 1.03% while the BSE Smallcap index is up 0.91%. On the sectoral front, Power, Metal, Realty, Health Care, PSU, Capital Goods, Bankex and Teck are all up by over 1%
The falling share prices seems to have come as an advantage to many, particularly for the Bajaj’s. A leading financial daily was reporting that the Bajajs have increased their stake in Mukund by 2% by open market purchases. With this, the Bajajs have a holding of 43% in the speciality steel company.
Reliance Communication (RCOM) was in news for many bad reasons and few good reasons recently. The latest buzz at RCOM is about their entry into the DTH Business under the brand Big TV. The press was reporting that the Reliance ADA Group has placed huge orders for DTH boxes and related equiptment to test their luck in the Indian DTH market. DTH has a market share of a mere 4% as against to the conventional cable television market of 95% and hence a huge market opportunity if the product and pricing are done properly.
Kingfisher - Deccan Aviation has finally got the approval from the Aviation Ministry to fly seven flights a week between the Bangalore - Heathrow (London) segment. The approval is actually given to Deccan Availation though it seems the UB Group would actually want the Kingfisher brand to use it for its foray into international aviation. Sources say the soft kickoff of the foreign fly will be on September 3 while a complete full fledged operations will be from November 2008. With this, Kingfisher-Deccan will become the third, after Jet-JetLite and AirIndia-Indian Airlines to get the approval to fly abroad.
August 20th, 2008
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