Shares of Taneja Aerospace and Aviation Ltd. surged 5.20% to ₹409.80 in early trading on November 19, 2024, following positive market sentiment and growing demand in the aerospace and aviation sectors. This rise also comes as the Indian aviation industry achieved a historic milestone, surpassing 5 lakh domestic passengers in a single day on November 17, 2024.
Key Highlights:
- Price Performance: The stock gained ₹20.25 from its previous close of ₹389.55, reflecting strong investor interest.
- Industry Growth: The Indian aviation sector continues to recover strongly, with over 505,412 domestic passengers transported on November 17 across 3,173 flights, marking a new record for daily domestic traffic.
- Market Sentiment: The milestone highlights sustained growth in passenger traffic, driven by robust demand during the festive and wedding seasons.
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