SpiceJet flies high on plan to increase seating capacity on Pune-Goa route

08 Apr 2016

Spicejet is currently trading at Rs. 71.75, up by 2.10 points or 3.02% from its previous closing of Rs. 69.65 on the BSE.

The scrip opened at Rs. 69.65 and has touched a high and low of Rs. 72.65 and Rs. 69.40 respectively. So far 4326254 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. 72.65 and Rs. 62.70 respectively. The current market cap of the company is Rs. 4307.05 crore.

The promoters holding in the company stood at 60.32% while Institutions and Non-Institutions held 3.04% and 36.64% respectively.

In view of the summer holiday rush, SpiceJet has decided to increase seating capacity on its domestic route of Pune - Goa. The company has undertaken an equipment upgradation on the route from Bombardier Q400 which has a seating capacity of 78 seats to Boeing 737 which can accommodate up-to 186 passengers. The new flight will be operational on all days except Saturday from April 17, 2016.

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