Spicejet is currently trading at Rs 35.05, up by 2.00 points or 6.05% from its previous closing of Rs 33.05 on the BSE.
The scrip opened at Rs 34.30 and has touched a high and low of Rs 35.80 and Rs 34.30 respectively. So far 10766229 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 37.85 on 22-Aug-2012 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 33.30 and Rs 29.00 respectively. The current market cap of the company is Rs 1683.12 crore.
The promoters holding in the company stood at 48.59% while Institutions and Non-Institutions held 15.95% and 35.46% respectively.
SpiceJet, country’s low-cost airline is in preliminary talks with a Gulf airline for potential investment in the Indian budget carrier. But for any further action, the company has to wait till the policy shift in India's aviation industry, which currently prohibits foreign direct investment (FDI) in the sector. Through this partnership with an international carrier, SpiceJet will get the access to economies of scale on procurement contracts and long-haul options for its passengers.
Recently, it expanded its network in Tier 2 and Tier 3 cities through introducing flights between Bangalore and Hubli in north Karnataka. The airline has also commenced bookings for this sector and the services will be commenced from September 27, 2012.
