SpiceJet gains on the buzz of plan to buy 100 small turboprop aircraft

09 Sep 2015

Spicejet is currently trading at Rs. 23.20, up by 0.50 points or 2.20% from its previous closing of Rs. 22.70 on the BSE.

The scrip opened at Rs. 23.00 and has touched a high and low of Rs. 23.50 and Rs. 22.85 respectively. So far 1828845 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. 24.80 and Rs. 21.00 respectively. The current market cap of the company is Rs. 1396.72 crore.

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

In a bid to make the most of the booming passenger traffic in India’s smaller towns and cities, SpiceJet, the country’s budget carrier is reportedly planning to buy about 100 small turboprop aircraft for an estimated $3 billion (about Rs 19,800 crore) at list prices. The turboprop is a turbine engine that drives the aircraft propeller. At present, the company has 34 aircraft in the fleet, comprising 18 Boeing 737s, two Airbus A319 (on wet-lease) and 14 Bombardier Q400.

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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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323