SpiceJet advances on the buzz to foray into retail business

15 Mar 2017

SpiceJet is currently trading at Rs. 82.35, up by 1.00 points or 1.23% from its previous closing of Rs. 81.35 on the BSE.

The scrip opened at Rs. 82.00 and has touched a high and low of Rs. 82.95 and Rs. 81.60 respectively. So far 14,12,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 85.60 on 19-May-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. 83.15 and Rs. 77.75 respectively. The current market cap of the company is Rs. 4,924.00 crore.

The promoters holding in the company stood at 60.32%, while Institutions and Non-Institutions held 3.40% and 36.28% respectively.

Low-cost carrier SpiceJet is reportedly planning to enter new territories. The company is in final stages of preparation of entering retail business through a separate subsidiary company called SpiceJet Merchandise which was incorporated last year. Along with SpiceJet merchandise, apparel and electronic products will be available in the stores.

While SpiceJet owns 99 per cent of the company, one percent is held by promoter Ajay Singh.

SpiceJet was among the first private companies that stepped into the Indian aviation sector. It operates more than 340 daily flights to 45 destinations, including 6 international ones.

Related Spicejet Ltd. Links:

Spice Jet Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323