SpiceJet flies high on the bourses

13 Jan 2017

Spicejet is currently trading at Rs. 64.95, up by 1.05 points or 1.64% from its previous closing of Rs. 63.90 on the BSE.

The scrip opened at Rs. 65.20 and has touched a high and low of Rs. 66.00 and Rs. 64.55 respectively. So far 2296545 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. 54.50 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 66.10 and Rs. 62.10 respectively. The current market cap of the company is Rs. 3926.40 crore.

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

SpiceJet, the country’s low-cost carrier, is reportedly set to seal an order for at least 90 new 737 jets from Boeing, an order worth about $10 billion that will help the low-cost carrier tap into country’s booming air travel market. The announcement for the 737 MAX aircraft - which includes at least 42 of the narrow body jets SpiceJet had previously agreed to buy from Boeing in 2014 - is expected early.

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.

Related Spicejet Ltd. Links:

Spice Jet Share Price

71.85 2.20 (3.16%) May 12, 18:01
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323