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Spicejet flies higher on the buzz of stake sale to Qatar Airways

15 Jan 2013

Shares of SpiceJet have been on gaining spree on the buzz of Qatar Airways likely picking up stake in the low cost carrier, which has a market share of around 20% and its average load factors were around 75% in 2012.

Spicejet is currently trading at Rs 46.15, up by 2.10 points or 4.77% from its previous closing of Rs 44.05 on the BSE.

The scrip opened at Rs 46.90 and has touched a high and low of Rs 47.80 and Rs 45.90 respectively. So far 5502681 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 19.55 on 16-Jan-2012.

Last one week high and low of the scrip stood at Rs 46.60 and Rs 41.55 respectively. The current market cap of the company is Rs 2324.47 crore.

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

The airline's management has in the past never ruled out a stake sale possibility to a foreign investor after the government announced foreign direct investment into the sector. However, the Sun Group which owns SpiceJet has denied such reports.

Related Spicejet Ltd. Links:

Spice Jet Share Price

76.15 -0.75 (-0.98%) Jun 18, 18:03
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323