With the news of Go First failure, where there is a fall in the shares of those banks which had invested in the airline. On the contrary, there is a rapid increase in the shares of other listed airline companies of the country. From Indigo to SpiceJet, the shares of four aviation companies of the country have earned huge money in a few hours while running at the speed of rocket. Indigo’s stock has seen a decline of 8 per cent during the trading session. At the same time, there was a jump of up to 5 percent in the shares of Jet Airways and Vectra. Let us also tell you that after the crash of Go First, which airline’s shares have seen a lot of growth.
Indigo shares rose 8 percent
The country’s largest private carrier Indigo has seen the biggest increase in its stock. During the trading session, the company’s stock saw a jump of 8 percent. According to the data received from BSE, the shares of Indigo are currently trading at Rs 2163.10 with a gain of 4.48 per cent at Rs 32.90 at 12.30 pm. While during the trading session, the company’s stock also reached the day’s high with Rs 2235.95. Today the shares of the company opened at Rs 2139.95 and a day ago the shares were closed at Rs 2070.40.
SpiceJet’s stock also saw a boom
At the same time, there has been a lot of growth in the stock of private carrier SpiceJet. The company’s stock jumped up to a maximum of 5.58 per cent during the trading session. According to BSE data, the company’s stock is currently trading at Rs 32.90 with a gain of 4.48 per cent at 12.30 pm. By the way, the company’s shares also reached the day’s high with Rs.33.25. If we talk about opening, then the shares of the company opened at Rs.31.95 and a day ago the shares of the company closed at Rs.31.49.
Jet Airways shares also skyrocketed
Jet Airways may not be in the sky, but the shares of the airline are running at the speed of a rocket. During the trading session, an upper circuit of 5 per cent is being seen in the company’s stock. According to the data, the company’s stock is trading at Rs 60.59 with a gain of Rs 2.88. By the way, the company’s stock opened at Rs 57.37 today. While the company’s stock closed at Rs 57.71 a day ago.
Vectra shares rocketed
On the other hand, a big boom is also being seen in the stock of Vectra. The company’s stock jumped 4.87 per cent during the trading session. At present, the company’s stock is trading at Rs 59.85 with a gain of 3.15 per cent. At the same time, the company’s stock reached Rs 60.85 during the trading session. By the way, today the company’s shares opened at Rs.59.40, while the company’s shares closed at Rs.58.02 a day ago.
Hearing will be held on May 4
Go First had applied for bankruptcy process a day back. Whose first hearing will be on May 4. It will be heard by NCLT. A day earlier, the airline had issued a statement saying that the American based engine maker did not supply the right engines in exchange for the faulty ones. Because of which the company had to ground 50 aircraft. The current situation is that now the company is not able to make any kind of payment.