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SpiceJet surges on launching 14 new domestic flights across South, West India

21 Jun 2018

Spicejet is currently trading at Rs. 112.45, up by 1.30 points or 1.17% from its previous closing of Rs. 111.15 on the BSE.

The scrip opened at Rs. 111.70 and has touched a high and low of Rs. 112.60 and Rs. 111.20 respectively. So far 40724 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 156.25 on 20-Dec-2017 and a 52 week low of Rs. 92.00 on 21-May-2018.

Last one week high and low of the scrip stood at Rs. 117.80 and Rs. 109.15 respectively. The current market cap of the company is Rs. 6662.89 crore.

The promoters holding in the company stood at 60.03%, while Institutions and Non-Institutions held 11.73% and 28.24% respectively.

SpiceJet has launched 14 new domestic flights. The company will strengthen its network across South and West India using a mix of its fleet of Boeing 737 and Bombardier Q-400 aircraft. The company is set to introduce new direct flights on the Chennai-Rajahmundry, Hyderabad-Calicut, Bengaluru-Tuticorin and Pune-Patna sectors, effective from July 1.

Further, budget passenger carrier will also enhance its operations on the Delhi-Patna (second frequency), Bengaluru-Rajahmundry (second frequency) and Mumbai-Bengaluru (fifth frequency) sectors with non-stop additional frequencies.

SpiceJet is among the first private companies that stepped into the Indian aviation sector.

Related Spicejet Ltd. Links:

Spice Jet Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323