OMCs, Aviation and QSR stocks in focus: Heres why
Airline, QSR stocks are in focus after the OMCs slashed the price of ATF and simultaneously increased the rate of cylinder.
Airlines, QSR stocks in focus: In Tuesday's session (October 1), airline stocks are in focus as oil marketing companies slashed the price of aviation turbine fuel (ATF). The rates have been slashed by Rs 5,883 per kilolitre. The new rates will be implemented effective today.
In the previous month, the center also slashed the ATF rate by Rs 4,495.48 per kilolitre. In Delhi, the rate is Rs 87,597.22 per kl.
Interglobe Aviation stock has run-up sharply in the past one year and has delivered multibagger return. The stock technically has RSI below 50 suggesting a likely bearish trend in the counter.
Brokerage firm Motilal Oswal said IndiGo is striving to improve its international presence through strategic partnerships and loyalty programs. It served 106.7m customers in FY24, with a net increase of 63 aircraft. The company has eight strategic partners with a 27 per cent international share in terms of ASKs in FY24.
Meanwhile, QSR or quick service restaurants will also be in focus as OMCs increased the price of 19 kg commercial cylinder effective today. The rates have been moved higher by Rs 48.5 per cylinder.
Amid the development stocks from the pack including Devyani International, Sapphire Foods and Westlife Foodworld among others will be in focus today.
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