Spicejet moves up as it turn tickets booked between March 25-31 into credit

25 Mar 2020 Evaluate
Spicejet is currently trading at Rs. 33.00, up by 0.60 points or 1.85% from its previous closing of Rs. 32.40 on the BSE.

The scrip opened at Rs. 32.00 and has touched a high and low of Rs. 33.70 and Rs. 30.80 respectively. So far 109945 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 156.90 on 03-Jun-2019 and a 52 week low of Rs. 30.80 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 37.25 and Rs. 30.80 respectively. The current market cap of the company is Rs. 1977.25 crore.

The promoters holding in the company stood at 59.96%, while Institutions and Non-Institutions held 12.07% and 27.97% respectively.

Spicejet has decided to turn tickets booked for travel between March 25 and March 31 into credit. The airline's announcement came a day after the central government decided that no domestic flights will operate in India from March 25 to March 31. The government has also banned international flights till March 29.

For the passengers who are travelling from March 25, 2020, till March 31, 2020, their bookings will be automatically cancelled and a reservation credit for the entire amount will be created and they can use it to make another booking for the same passenger for a period of one year from the original date of travel.

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

SpiceJet Share Price

60.01 0.36 (0.60%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Interglobe Aviation 3560.00
SpiceJet 60.01
Global Vectra Helico 124.80
Jet Airways (I) 49.02
Taneja Aerospace 381.00
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