SpiceJet flies high on plan to launch two new daily direct flights under UDAN scheme

13 Jun 2017

Spicejet is currently trading at Rs. 120.45, up by 1.30 points or 1.09% from its previous closing of Rs. 119.15 on the BSE.

The scrip opened at Rs. 119.70 and has touched a high and low of Rs. 121.50 and Rs. 119.10 respectively. So far 1321131 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 126.25 on 11-May-2017 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. 121.50 and Rs. 105.55 respectively. The current market cap of the company is Rs. 7262.34 crore.

The promoters holding in the company stood at 60.25%, while institutions and non-institutions held 8.06% and 31.69% respectively.

SpiceJet will launch two new daily direct flights to Porbandar and Kandla next month under the Central Government’s regional connectivity scheme (RCS) - UDAN. The two new routes, Mumbai-Porbandar-Mumbai and Mumbai-Kandla-Mumbai, will be operational with a 78-seater Bombardier Q400 regional jet from July 10.

SpiceJet was among the first private companies that stepped into the Indian aviation sector. The airline, which has a fleet of 49 planes, operates an average of 342 flights daily.

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Spice Jet Share Price

62.60 -0.20 (-0.32%) May 07, 18:03
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323