SpiceJet flies high on unveiling first red-eye flights on domestic network

16 Oct 2015

Spicejet is currently trading at Rs. 42.40, up by 0.85 points or 2.05% from its previous closing of Rs. 41.55 on the BSE.

The scrip opened at Rs. 41.70 and has touched a high and low of Rs. 42.90 and Rs. 40.80 respectively. So far 4225797 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 42.90 on 16-Oct-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. 42.90 and Rs. 29.00 respectively. The current market cap of the company is Rs. 2529.68 crore.

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

SpiceJet has launched its first red-eye flights or late night flights within the domestic network on the Delhi - Bangalore route along with a new flight on Delhi - Nanded route. Both of these flights will commence their operations on November 2, 2015.

On the Delhi - Bangalore sector, the flight SG 149 will take off at 1.00 am from Delhi and land at 3.40 am. The airline will be operating 4 flights in a week i.e. Currently, SpiceJet operates three flights on this route. The new red-eye flight on Delhi - Bangalore sector would be available at fares starting Rs 3,899.


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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323