SpiceJet advances on adding fourth non-stop flight on Chennai-Hyderabad route

05 Apr 2016

SpiceJet is currently trading at Rs. 69.80, up by 1.55 points or 2.27% from its previous closing of Rs. 68.25 on the BSE.

The scrip opened at Rs. 68.20 and has touched a high and low of Rs. 70.20 and Rs. 67.65 respectively. So far 38,08,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 95.30 on 28-Jan-2016 and a 52 week low of Rs. 16.70 on 27-Apr-2015.

Last one week high and low of the scrip stood at Rs. 70.20 and Rs. 62.70 respectively. The current market cap of the company is Rs. 4,181.00 crore.

The promoters holding in the company stood at 60.32% while Institutions and Non-Institutions held 1.40% and 38.28% respectively.

SpiceJet, a budget passenger carrier, has increased its frequency on the Chennai-Hyderabad route for the summer season. The airliner has added the fourth non-stop flight on the said route, which will be operational from April 17 onwards except Saturdays. The airliner will now increase its operations to 306 daily flights from 240 last summer season.

SpiceJet was among the first private companies that stepped into the Indian aviation sector. The airline was launched with an objective to deliver the lowest air fares with the highest consumer value, to price sensitive consumers. The company has alliance with some of the best names known globally like Honeywell, Weber Seats, etc, to ensure highest safety standards.


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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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