SpiceJet jumps on plan to add 8 aircraft to its fleet this fiscal

17 Oct 2016

Spicejet is currently trading at Rs 62.55, up by 1.85 points or 3.05% from its previous closing of Rs 60.70 on the BSE.

The scrip opened at Rs. 61.00 and has touched a high and low of Rs. 63.10 and Rs. 60.95 respectively. So far 1918904 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. 40.40 on 21-Oct-2015.

Last one week high and low of the scrip stood at Rs. 63.10 and Rs. 57.10 respectively. The current market cap of the company is Rs. 3752.56 crore.

The promoters holding in the company stood at 60.32%, while Institutions and Non-Institutions held 2.12% and 37.56% respectively.

SpiceJet wants to increase its daily flights by 10 percent and so in the next few weeks will be adding 2 to 3 international destinations and is also planning to add about three Bombardiers and 4 to 5 aircraft they will mostly be Boeings by the end of the current fiscal. Currently, it is having a fleet of 43 aircraft operating 320 flights a day and it operates to six countries.

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.

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Spice Jet Share Price

69.90 -1.95 (-2.71%) May 14, 18:01
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323