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SpiceJet rises on plan to spread network to more North Indian cities

SpiceJet Ltd. | Airlines | Travel & Hospitality | BSE: 500285 | NSE: SPICEJET

05 Jul 2012 Evaluate

SpiceJet is currently trading at Rs. 35.15, up by 0.50 points or 1.44% from its previous closing of Rs. 34.65 on the BSE.

The scrip opened at Rs. 34.80 and has touched a high and low of Rs. 35.65 and Rs. 34.65 respectively. So far 19, 46,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 39.65 on 15-Jul-2011 and a 52 week low of Rs. 15.35 on 22-Dec-2011.

Last one week high and low of the scrip stood at Rs. 36.15 and Rs. 32.20 respectively. The current market cap of the company is Rs. 1,702 crore.

The promoters holding in the company stood at 43.59% while Institutions and Non-Institutions held 15.45% and 40.96% respectively.

In a bid to expand its network, SpiceJet will be launching new services from next week using the planes from the national capital to various north Indian cities. In the first phase of north India expansion, it will connect to Amritsar, Chandigarh, Srinagar and Indore. The airline company has recently strived connecting southern India with its newly acquired Bombardier Q400 NextGen turboprop aircraft.

Also in its effort to serve affordable air connectivity for more destinations in North India, New Delhi would be its third base after Hyderabad and Chennai for its new Bombardier Q400 NextGen turboprop fleet. It also aims to further enhance air connectivity to Tier-II and Tier-III cities and towns.

SpiceJet had placed an order for 15 such aircraft. Last week it took delivery of five aircraft from Bombardier in Canada shoring up its flee to 12 such planes. The aircraft can accommodate 78 passengers and is widely accepted as the best short-haul plane globally.

Further, the five aircraft has been named after a particular spice. It will be christened as Dhaniya, Haldi, Javitri, Jaiphal and Laung and all are financed through Export Development Corporation (EDC) of Canada.

SpiceJet Share Price

13.88 -0.26 (-1.84%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Interglobe Aviation	4638.75
SpiceJet	13.88
Raymond	422.05
Global Vectra Helico	203.85
Taneja Aerospace	281.55
View more..

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SpiceJet rises on plan to spread network to more North Indian cities

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