Budget 2016: Jet Airways, SpiceJet, InterGlobe hit hard on ATF excise duty hike
Shares of avaition companies Jet Airways, SpiceJet and InterGlobe Aviation slipped up to 6 per cent after Finance Minister Arun Jaitley announced hike in excise duty for Aviation Turbine Fuel (ATF) from 8 per cent to 14 per cent.
New Delhi Last Updated: February 29, 2016 | 17:07 IST
The stock of Jet Airways hit an intraday low of Rs 478.05, down 5.38 per cent on the Bombay Stock Exchange (BSE). Photo: Reuters