SpiceJet soars on the buzz of planning to introduce new Boeing aircraft to keep fleet busy

09 Jul 2018

Spicejet is currently trading at Rs. 111.15, up by 1.15 points or 1.05% from its previous closing of Rs. 110.00 on the BSE.

The scrip opened at Rs. 112.00 and has touched a high and low of Rs. 112.00 and Rs. 110.40 respectively. So far 323170 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. 111.75 and Rs. 106.15 respectively. The current market cap of the company is Rs. 6671.88 crore.

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

SpiceJet is reportedly planning to introduce new Boeing aircraft, the Gurugram-based airline and eyeing more international routes to keep its expanding fleet busy.

The company is planning to operate flights from Chennai and Delhi to Dhaka with the addition of the new Boeing 737 Max and delivery of the airplane will start soon. The company has sought permission from the aviation ministry to operate flights on other key routes as well as more rights to fly to Dhaka from Indian cities.

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

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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