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SpiceJet rises as its arm gets DGCA's nod for drone trials

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

01 Jun 2020 Evaluate

Spicejet is currently trading at Rs. 44.65, up by 0.60 points or 1.36% from its previous closing of Rs. 44.05 on the BSE.

The scrip opened at Rs. 45.70 and has touched a high and low of Rs. 45.70 and Rs. 44.55 respectively. So far 309015 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. 46.45 and Rs. 42.25 respectively. The current market cap of the company is Rs. 2679.34 crore.

The promoters holding in the company stood at 59.93%, while Institutions and Non-Institutions held 12.37% and 27.71% respectively.

SpiceJet’s freighter arm -- SpiceXpress has received approval for conducting drone trials from aviation regulator Directorate General of Civil Aviation (DGCA). After post trials and approvals, the airline plans to use drones in delivery of essential supplies to remote areas. A SpiceXpress-led consortium had submitted a proposal to the regulator for conducting experimental beyond visual line of sight (BVLOS) operations of remotely piloted aircraft in response to a DGCA notice inviting expression of interest. Based on the recommendations of the BVLOS Experiment Assessment and Monitoring Committee, SpiceXpress was granted permission for conducting experimental BVLOS operations. The company is optimistic about using this new mode of delivery for products like perishables and medicines which have a smaller shelf-life and need urgent deliveries in the remotest parts of India.

SpiceJet is India’s favourite airline that has made flying affordable for more Indians than ever before.

SpiceJet Share Price

13.93 0.66 (4.97%)

21-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Interglobe Aviation	4692.55
SpiceJet	13.93
Raymond	448.45
Global Vectra Helico	194.05
Taneja Aerospace	275.65
View more..

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SpiceJet rises as its arm gets DGCA's nod for drone trials

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