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SpiceJet advances on the buzz of likely placing order for Boeing 737 Max-10 planes

15 Jun 2017

SpiceJet is currently trading at Rs. 124.80, up by 3.25 points or 2.67% from its previous closing of Rs. 121.55 on the BSE.

The scrip opened at Rs. 123.00 and has touched a high and low of Rs. 125.50 and Rs. 123.00 respectively. So far 18,23,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 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. 125.50 and Rs. 113.25 respectively. The current market cap of the company is Rs. 7,481.00 crore.

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

SpiceJet is reportedly likely to place an order for the Boeing 737 Max-10 planes at the aircraft’s debut at the Paris Air Show later this month, thus becoming one of its launch customers globally.  The Max 10 is the latest, longer version of the narrow-bodied Boeing 737 Max series of planes, competitors to Airbus A320 family. The orders would be part of airline major’s expansion plans following a miraculous turnaround led by Ajay Singh last year.

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.

Related Spicejet Ltd. Links:

Spice Jet Share Price

77.70 -0.90 (-1.15%) Jun 16, 18:01
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323