SpiceJet flies high on plan to add new flights in its winter schedule

18 Aug 2015

Spicejet is currently trading at Rs. 27.75, up by 0.80 points or 2.97% from its previous closing of Rs. 26.95 on the BSE.

The scrip opened at Rs. 27.00 and has touched a high and low of Rs. 28.20 and Rs. 27.00 respectively. So far 2409227 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 28.75 on 03-Aug-2015 and a 52 week low of Rs. 11.25 on 16-Dec-2014.

Last one week high and low of the scrip stood at Rs. 28.20 and Rs. 23.75 respectively. The current market cap of the company is Rs. 1681.46 crore.

The promoters holding in the company stood at 60.31% while Institutions and Non-Institutions held 0.75% and 38.94% respectively.

SpiceJet is all set to add new flights in its winter schedule effective October 25, 2015. Among the new flights, Mumbai and Chennai would have a daily flight, as would Goa and Ahmedabad, and Delhi and Chennai. Daily flights have also been announced between Delhi and Goa and Goa and Mumbai, among others. The Low cost carrier will deploy its Boeing 737-800s for all the additional flights launched in this new schedule.

SpiceJet operates 250 daily flights to 41 destinations, including 34 domestic and seven international destinations. SpiceJet connects its network using 19 Boeing 737 and 2 Airbus A319 aircraft, along with 14 Bombardier Q-400 aircraft.


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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323