Daily Market Commentary - April 30, 2021 - Bonanza Portfolio
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ATF dearer by seven per cent
ATF dearer by seven per cent
New Delhi, May 1: Aviation fuel in the country has become dearer by up to seven per cent from Saturday.
According to Indian Oil Corporation Ltd, the largest domestic oil marketing company, Aviation Turbine Fuel in Delhi has been priced at Rs 61,690.28 per Kilo litre in Delhi from May 1, 2021. Last month ATF price in the capital city was Rs 57,805.28. Thus airline operators have to pay 6.72 per cent more which may result in a hike in airfares.
The cost of ATF in Mumbai has increased by Rs 3,912.75 (seven per cent) to Rs 59,822.90 per Kilo litre. Similarly, in Kolkata and Chennai aviation fuel price is up by 6.30 per cent and 6.84 per cent respectively. In Kolkata, it has been priced at Rs 66,245.74 per Kilo litre whereas in Chennai airlines will have to pay Rs 63,095.36 per Kilo litre.
Indian Oil Corporation Ltd is quoting at Rs 89.2, up 0.39% on the day as on 12:49 IST on the NSE. The stock is up 10.81% in last one year as compared to a 55.32% spurt in NIFTY and a 42.68% spurt in the Nifty Energy.
Indian Oil Corporation Ltd gained for a fifth straight session today. The stock is quoting at Rs 89.2, up 0.39% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.26% on the day, quoting at 14838.1. The Sensex is at 49640.17, up 1.42%. Indian Oil Corporation Ltd has slipped around 2.57% in last one month.
Meanwhile, Nifty Energy index of which Indian Oil Corporation Ltd is a constituent, has slipped around 2.31% in last one month and is currently quoting at 17879.2, up 0.64% on the day. The volume in the stock stood at 31.98 lakh shares today, compared to the daily average of 130.77 lakh shares in last one month.
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