SpiceJet jumps on launching new flights connecting Chennai and Mysore

03 Jan 2013

SpiceJet is currently trading at Rs. 47.90, up by 1.05 points or 2.24% from its previous closing of Rs. 46.85 on the BSE.

The scrip opened at Rs. 47.25 and has touched a high and low of Rs. 48.20 and Rs. 47.25 respectively. So far 2477781 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 50.90 on 07-Dec-2012 and a 52 week low of Rs. 16.00 on 06-Jan-2012.

Last one week high and low of the scrip stood at Rs. 47.45 and Rs. 42.80 respectively. The current market cap of the company is Rs. 2322.46 crore.

The promoters holding in the company stood at 48.59% while Institutions and Non-Institutions held 14.56% and 36.86% respectively.

SpiceJet, India's second-biggest budget carrier by market share, has launched new flights connecting Chennai and Mysore (via Bangalore) and Puducherry and Bangalore. It will be deploying Bombardier Q400 aircraft for these routes, which accommodate 78 passengers. The budget carrier has opened booking of tickets for these destinations; commercial flights will commence from January 14 and January 17, to Mysore and Puducherry respectively.

The airline is also linking Mysore with other metro cities like Mumbai and Delhi while Puducherry will be connected to Mumbai, Delhi, Hyderabad and Kolkata. Mysore is the fifth destination of SpiceJet in Karnataka. At present, the airline operates from Bangalore, Mangalore, Hubli and Belgaum.

Related Spicejet Ltd. Links:

Spice Jet Share Price

87.55 -1.35 (-1.52%) Mar 04, 18:59
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323