SpiceJet flies high on the bourses

20 May 2014

Spicejet is currently trading at Rs. 17.10, up by 0.55 points or 3.32% from its previous closing of Rs. 16.55 on the BSE.

The scrip opened at Rs. 17.00 and has touched a high and low of Rs. 17.45 and Rs. 16.40 respectively. So far 7387673 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 40.90 on 20-May-2013 and a 52 week low of Rs. 12.50 on 04-Mar-2014.

Last one week high and low of the scrip stood at Rs. 17.45 and Rs. 14.00 respectively. The current market cap of the company is Rs. 915.33 crore.

The promoters holding in the company stood at 53.48% while Institutions and Non-Institutions held 1.60% and 44.92% respectively.

In order to meet the increased traffic demand during the peak holiday season, SpiceJet, the second largest low-cost airline, will operate special flights from Delhi to country’s top three tourist hotspots - Srinagar, Goa and Bagdogra. The airline is also offering an introductory all inclusive fare of Rs 4,999 on the Delhi-Goa and Delhi-Bagdogra routes and Rs 5,999 on Delhi-Srinagar route.

The carrier will now increase the frequency on the Delhi-Srinagar route to five flights a day from four at present, from June 3. Services on the Delhi-Goa and Delhi-Bagdogra, which apart from being a gateway to the North-East is a tourist destination as well, have also been increased to three flights per day from June 3.

SpiceJet is India’s most preferred airline who delivers the lowest air fares with the highest consumer value. The airline currently operates more than 350 daily flights to over 44 Indian cities and 9 international destinations.


Related Spicejet Ltd. Links:

Spice Jet Share Price

71.90 1.60 (2.28%) May 18, 10:33
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323