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Spicejet recovers from previous session’s drubbing

09 Dec 2014 Evaluate

Spicejet is currently trading at Rs. 15.75, up by 0.50 points or 3.28% from its previous closing of Rs. 15.25 on the BSE.

The scrip opened at Rs. 14.70 and has touched a high and low of Rs. 16.90 and Rs. 14.30 respectively. So far 15271638 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 22.20 on 26-May-2014 and a 52 week low of Rs. 11.10 on 13-Aug-2014.

Last one week high and low of the scrip stood at Rs. 21.65 and Rs. 13.90 respectively. The current market cap of the company is Rs. 962.12 crore.

The promoters holding in the company stood at 53.48 % while Institutions and Non-Institutions held 0.83 % and 45.69 % respectively.

In signs of mounting troubles for the budget airline, cash-strapped Spicejet has cancelled over 1,800 flights across the country for the current month. The carrier cancelled a total of 1,861 flights, a few to Kathmandu in Nepal and all others connecting domestic cities, till December 31.

Further, this development comes at a time when the aviation regulator DGCA was considering issuing a show-cause notice to the airline for defying its directives regarding advance bookings.

Besides, Airports Authority of India (AAI) is also considering putting SpiceJet on ‘cash-and-carry mode’ if it fails to furnish a bank guarantee against its dues to the airport operator, which stands at around Rs 200 crore.

SpiceJet is India’s most preferred airline that delivers lowest airfares with the highest consumer value. The airline currently operates more than 350 daily flights to over 44 Indian cities and 9 international destinations. The airline has been registering loss for last five consecutive quarters. The Net loss for the quarter ended September 2014 was Rs 310.4 crore as compared to net loss of Rs -559.4 crore of corresponding quarter ended September 2013.

SpiceJet Share Price

13.88 -0.26 (-1.84%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Interglobe Aviation 4638.75
SpiceJet 13.88
Raymond 422.05
Global Vectra Helico 203.85
Taneja Aerospace 281.55
View more..

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