nti.media
ECI bars streaming of web series on Modi till further orders - The Hindu      |       Bar Council Condemns Sexual Harassment Allegations Against CJI - The Wire      |       ‘A PM who is afraid of criticism is not a strong PM,’ says Priyanka in Wayanad - Hindustan Times      |       Pragya Singh Thakur and the dangers of India’s emerging majoritarian democracy - Scroll.in      |       IAF Pilot Abhinandan Varthaman To Move Out Of Srinagar In New Posting - NDTV News      |       'Farzi' friendship between BSP and SP will end on May 23: PM Modi - Times of India      |       PM Modi says 'speedbreaker didi' lost sleep after 2 phases; Mamata hits back, says 'PM has fear of losin - Times of India      |       On "The Countdown", Prannoy Roy Analyses JDS-Congress Coalition In Karnataka: Highlights - NDTV News      |       Lok Sabha elections 2019 updates: EC to issue notice to Navjot Singh Sidhu over communal remarks - Times of India      |       I am scared, nobody knows what Modi will do: Sharad Pawar - Times of India      |       Imran Khan's Cabinet reshuffle: Party insiders bite the dust as Pakistan PM centralises power, brings... - Firstpost      |       Trump's Approval Drops Three Points to 2019 Low after Release of Mueller Report - News18      |       Journalist killed during N. Ireland riots - The Hindu      |       ‘The search is over!’: Father-child duo clicked at Notre Dame just before fire found - The Indian Express      |       Jet Airways' Employees Seek President's Intervention For Salary Dues - NDTV News      |       HDFC Bank posts record profit in Q4: Key takeaways - Economic Times      |       Media reports on `five-day week` in commercial banks factually incorrect: RBI - Zee News      |       Jet Airways timeline: When and what happened so far - Moneycontrol.com      |       OnePlus 7 launch date to be announced on April 23 - GSMArena.com news - GSMArena.com      |       Realme 3 Pro Ultra HD Mode Will Be Able to Produce 64-Megapixel Images, CEO Madhav Sheth Teases - Gadgets 360      |       Xiaomi Redmi Go review: Decent performance, cameras at Rs 4,499 - The Indian Express      |       ASUS introduces ZenFone Live L2 with upto 2TB of storage - NewsBytes      |       Remove Deepika Padukone and get Kangana Ranaut, says Rangoli to TLLL Foundation in latest tweetstorm... - Hindustan Times      |       The makers approached Deepika Padukone to play Roop opposite Varun Dhawan in 'Kalank'? - Times of India      |       What the Malayalam movie ‘Lucifer’ tells us about Mohanlal and the cult of the superstar - Scroll.in      |       Rajkummar Rao roped in for Chupke Chupke remake (ALL DETAILS INSIDE) - Bollywood Hungama      |       RR vs MI Highlights, IPL 2019: Steve Smith powers Rajasthan Royals to five-wicket win over Mumbai Indian - Times of India      |       Live Cricket Score: Delhi Capitals vs Kings XI Punjab, Match 37, IPL 2019 - Cricbuzz      |       Manchester City vs Tottenham Football Highlights: Manchester City climb to top after 1-0 win - The Indian Express      |       Desperate KKR run into revitalised SRH - Cricbuzz      |       NASA Announces Upcoming ISS Crews, Which Won't Fly Commercial - D-brief - Discover Magazine      |       Biomarkers found for lymph node metastasis in oral cancer - The Hindu      |       AI may help develop clean, limitless fusion energy - THE WEEK      |       MicroRNAs in the liver help regulate the feed-fast cycle - The Hindu      |       Quit smoking to lower risk of premature birth - Business Standard      |       Science has found 3 foods that can decrease your prostate cancer risk - Times of India      |       Marijuana users less likely to gain weight despite munchies: Study - Hindustan Times      |       Endogamy may up infertility risk in Indian men, says study - Odisha Television Ltd.      |      

Business


SpiceJet gains 26% in 4 days as Jet struggles

Accordingly, stocks of SpiceJet rose over 14 per cent on Friday and have been rising for the last four sessions gaining 25.93 per cent. Similarly, IndiGo's scrip gained 10 per cent in the last four sessions


spicejet-gains-26-in-4-days-as-jet-struggles

As problems in cash strapped Jet Airways deepens, investors are favouring stocks of its competitors -- SpiceJet and IndiGo -- betting that they will have a larger market share.

Accordingly, stocks of SpiceJet rose over 14
per cent on Friday and have been rising for the last four sessions gaining 25.93 per cent. Similarly, IndiGo's scrip gained 10 per cent in the last four sessions.

"SpiceJet shares are 
favoured as they have proposed to operate 40 aircraft grounded by Jet Airways," said Deepak Jasani of HDFC Securities.

"IndiGo and SpiceJet shares are also gaining as a number of flights are being
cancelled by Jet Airways."

Earlier in the week, around 260 of Jet Airways' pilots have applied to join SpiceJet even as investors like public sector banks struggle to stitch a rescue plan for the airline.

Over 70
per cent of Jet Airways aircraft has been forced to ground overdue to non-payment of amounts outstanding to lessors.

Besides, industry sources have said that lessors are offering 50 of its Boeing aircraft to SpiceJet.

"Lessors with 50 planes, all belonging to Jet, have contacted SpiceJet," a source told IANS in Mumbai. "They are desperate to get out of Jet's financial mess."

Jet Airways stocks, however, gained after falling for two straight sessions on Friday over reports that an SBI-led consortium was set to reinitiate talks with Tata Group to invest in the struggling carrier.

 

advertisement