Spicejet gains on Jhunjhunwala's stake buy

06 May 2013

Spicejet is currently trading at Rs 41.80, up by 1.30 points or 3.21% from its previous closing of Rs 40.50 on the BSE.

The scrip opened at Rs 41.90 and has touched a high and low of Rs 43.75 and Rs 41.00 respectively. So far 9197564 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 24.50 on 27-Jul-2012.

Last one week high and low of the scrip stood at Rs 41.80 and Rs 35.85 respectively. The current market cap of the company is Rs 2151.36 crore.

The promoters holding in the company stood at 52.14% while Institutions and Non-Institutions held 14.58% and 33.28% respectively.

Investor and trader Rakesh Jhunjhunwala and his wife Rekha has acquired 25 lakh shares of budget carrier SpiceJet for an estimated nearly Rs 10 crore. Jhunjhunwala has purchased the same on an average price of Rs 38.94 apiece, valuing the transaction at Rs 9.73 crore.

In July last year, Jhunjhunwala’s Rare Enterprises had acquired 25 lakh shares of SpiceJet for Rs 7.69 crore.

In April this year, SpiceJet’s promoter Kalanithi Maran had increased his stake in the no-frills airline from 16.27% to 22.05% on account of allotment of equity shares following conversion of convertible debentures.

Related Spicejet Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323