Airlines stocks witnesses bargain hunting, Govt. considers Reopening Skies for Commercial Flights Next Week
Airlines stocks are witnessing bargain hunting after the news that the government is considering allowing some domestic flights to resume on May 18 or earlier as the government looks to reopen a key part of the economy and provide relief to airlines, which haven’t been able to fly since March because of a nationwide lockdown. The Ministry of Civil Aviation is in talks with airlines, travel agents and the federal home ministry about the move. Indigo gained 3% in the opening sessions and Spice JET gained marginally.