SpiceJet gains on plans to launch new services to Tiruchirapalli

09 Jan 2013

SpiceJet is currently trading at Rs. 45.95, up by 0.40 points or 0.88% from its previous closing of Rs. 45.55 on the BSE.

The scrip opened at Rs. 45.70 and has touched a high and low of Rs. 46.60 and Rs. 45.65 respectively. So far 1052690 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. 17.50 on 10-Jan-2012.

Last one week high and low of the scrip stood at Rs. 48.20 and Rs. 45.00 respectively. The current market cap of the company is Rs. 2228.01 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 will be launching new services to Tiruchirapalli in Tamil Nadu from New Delhi and Mumbai. The no frill carrier has taken this step in a bid to expand its reach to smaller cities. The airline would be starting its flight connecting Tiruchirapalli with Delhi and Mumbai via Chennai from January 15, 2013.

Consequently with the launch of these flights, Tiruchirapalli would now be connected to national network. The airline would deploy its newly-acquired Bombardier Q400 aircraft for enhancing connectivity to Tier II and Tier III cities. The Bombardier Q400 NextGen turboprop aircraft can accommodate 78 passengers.

Besides, the airline company has launched new flights connecting Chennai and Mysore (via Bangalore) and Puducherry and Bangalore. The budget carrier has opened booking of tickets for these destinations; commercial flights would commence from January 14 and January 17, to Mysore and Puducherry respectively.

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Spice Jet Share Price

70.30 0.40 (0.57%) May 17, 18:01
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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