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SpiceJet gains on inking MoU with Boeing for 40 737 MAX Airplanes

20 Jun 2017

SpiceJet is currently trading at Rs. 126.85, up by 2.30 points or 1.85% from its previous closing of Rs. 124.55 on the BSE.

The scrip opened at Rs. 127.00 and has touched a high and low of Rs. 128.20 and Rs. 126.50 respectively. So far 11,38,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 128.20 on 20-Jun-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. 128.20 and Rs. 118.10 respectively. The current market cap of the company is Rs. 7,601.00 crore.

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

SpiceJet has signed a memorandum of understanding (MoU) with Boeing for 40 737 MAX airplanes. The agreement, valued at approximately $4.74 billion at current list prices, is split evenly between 20 new orders for the 737 MAX 10 and conversions of 20 of the low-cost carrier’s 737 MAX 8 airplanes of its current order to 737 MAX 10s. SpiceJet operates a fleet of 35 Next-Generation 737s and 20 Bombardier Q400s. The carrier will take delivery of its first 737 MAX in 2018.

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

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323