Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

Airline Stocks Rise as Domestic Passenger Traffic Grows in July

According to the official data, domestic airlines carried 115.57 lakh passengers in July this year.

PTI

Updated:August 21, 2018, 1:07 PM IST
facebookTwitterskypewhatsapp
Airline Stocks Rise as Domestic Passenger Traffic Grows in July
Image for representation. (AFP)

New Delhi: Airline stocks on Tuesday surged as much as 3 per cent in morning trade after official data showed that domestic passenger traffic grew 21 per cent in July as compared to the year-ago month.

According to the data, domestic airlines carried 115.57 lakh passengers in July this year.

Shares of InterGlobe Aviation on Tuesday opened at Rs 1,075, then gained further ground and touched a high of Rs 1,106, up 1.86 per cent over the previous close. SpiceJet stock also opened on a strong note and touched a high of Rs 87.20, up 3.01 per cent over its last close.Shares of Jet Airways however fell nearly 4 per cent in morning trade after reports surfaced that the Ministry of Corporate Affairs has opened a preliminary inquiry into the carrier.

Shares of Jet Airways opened on a weak note at Rs 297.80, then fell to a low of Rs 289.95, down 3.73 per cent over its previous closing price.

Budget carrier IndiGo continued to be the largest player with a market share of 42.1 per cent while that of national carrier Air India stood at 12.4 per cent in July.Last month, the market share of SpiceJet and GoAir stood at 12.3 per cent and 8.9 per cent, respectively. Jet Airways garnered a market share of 13.6 per cent in July.

India is one of the fastest growing aviation markets in the world and has been registering double-digit growth for more than three years.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

| Edited by: Naqshib Nisar
Read full article
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
ICICI Lombard 1,207.25 -4.63
Reliance 1,372.35 0.60
BPCL 512.40 4.51
Bajaj Finance 4,016.40 3.53
Indiabulls Hsg 173.05 -8.49
Company Price Change %Gain
ICICI Lombard 1,206.75 -4.77
Indiabulls Hsg 172.90 -8.54
Larsen 1,424.80 -0.58
HDFC 2,050.05 1.83
Yes Bank 41.15 1.35
Top Gainers
Company Price Change %Gain
BPCL 512.40 4.51
Grasim 730.85 3.86
Zee Entertain 259.65 3.57
Bajaj Finance 4,016.40 3.53
ONGC 141.65 2.16
Company Price Change %Gain
Bajaj Finance 4,018.75 3.57
ONGC 141.60 2.05
HDFC 2,050.05 1.83
Coal India 194.65 1.75
HCL Tech 1,100.85 1.55
Top Losers
Company Price Change %Gain
Hero Motocorp 2,602.35 -2.74
Hindalco 187.95 -2.39
Vedanta 149.90 -2.35
Asian Paints 1,765.70 -2.07
NTPC 117.40 -1.68
Company Price Change %Gain
Hero Motocorp 2,603.00 -2.73
Vedanta 149.70 -2.44
Asian Paints 1,765.70 -2.04
NTPC 117.50 -1.63
ITC 243.70 -1.54

Live TV

Untitled Document
Countdown To Elections Results
To Assembly Elections 2018 Results