SpiceJet gains on introducing four new services for travelers

13 May 2015

SpiceJet is currently trading at Rs. 18.05, up by 0.10 points or 0.56% from its previous closing of Rs. 17.95 on the BSE.

The scrip opened at Rs. 18.35 and has touched a high and low of Rs. 18.70 and Rs. 17.50 respectively. So far 11,37,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 25.70 on 25-Feb-2015 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. 18.80 and Rs. 16.80 respectively. The current market cap of the company is Rs. 1,085.00 crore.

The promoters holding in the company stood at 60.31% while Institutions and Non-Institutions held 0.78% and 38.91% respectively.

SpiceJet has introduced four new services for travellers, albeit for a price, weeks after aviation regulator DGCA gave a free hand to domestic carriers to charge for extra services such as choice seat and extra baggage among others.

The move would help the Gurgaon-based airline to increase its ancillary revenue by a significant extent. SpiceJet Assist is a service that provides assistance to passengers at the airport for both departure and arrival and comes at an introductory fee of Rs 500 per passenger per sector, the airline said in a statement.

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

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Spice Jet Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323