SpiceJet is currently trading at Rs. 26.35, up by 2.15 points or 8.88% from its previous closing of Rs. 24.20 on the BSE.
The scrip opened at Rs. 24.70 and has touched a high and low of Rs. 26.90 and Rs. 24.60 respectively. So far 6010544 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 47.20 on 20-Apr-2011 and a 52 week low of Rs. 15.35 on 22-Dec-2011.
Last one week high and low of the scrip stood at Rs. 26.90 and Rs. 22.40 respectively. The current market cap of the company is Rs. 1285.95 crore.
The promoters holding in the company stood at 43.59% while Institutions and Non-Institutions held 16.16% and 40.25% respectively.
SpiceJet, India’s most preferred budget airline has submitted its application to the Directorate General of Foreign Trade (DGFT) for direct jet fuel import. It has become the first airline to apply for direct jet fuel import as this will considerably bring down the company's operational cost. Jet fuel constitutes up to 40% of the airline's total operating cost.
Recently, Centre allowed airlines to import aviation turbine fuel (ATF) or jet fuel. Airlines will now be able to save State sales tax, which ranges between 4% to 32%. Airlines have been complaining that the high State tax along with Central duties make the fuel very costly.
