FIIs raise exposure to Indian aviation stocks like Jet Airways, Kingfisher Airlines and SpiceJet

New Delhi: Overseas investors have scaled up their exposure to three Indian air carriers -- Jet Airways, Kingfisher Airlines and SpiceJet in the April-June quarter of this fiscal.
According to the data available with stock exchanges, the holding of foreign institutional investors (FIIs) increased in all the three listed aviation firms during the quarter.
"Aviation stocks are now turning around. SpiceJet and Jet Airways are back in black. Also hopes of foreign investment in the sector are driving FIIs to increase their exposure in these stocks," CNI Research CMD Kishore Ostwal said.
05/08/12 PTI/Economic Times

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Categories: Jet Airways Aug 2012, Kingfisher Aug 2012, spicejet Aug 2012