Millennium Post

Aviation stocks fall on profit-booking, down up to 3%

Shares of SpiceJet went down by 3.25 per cent to close at Rs 67.05, InterGlobe Aviation slipped 3.09 per cent to Rs 1,038.05 and Jet Airways fell by 1.53 per cent to Rs 577.15 on BSE. These stocks had rallied up to 7 per cent in the previous session on FDI news.

 Overseas investors, barring foreign airlines, can now buy up to 100 per cent stake in Indian carriers under the relaxed FDI norms announced yesterday which the government said will make flying more affordable. 
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