SpiceJet flies higher on the buzz of placing order for 42 Boeing 737 MAX jets

12 Mar 2014

Spicejet is currently trading at Rs. 15.15, up by 1.01 points or 7.14% from its previous closing of Rs. 14.14 on the BSE.

The scrip opened at Rs. 14.19 and has touched a high and low of Rs. 15.18 and Rs. 14.05 respectively. So far 2522684 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 43.75 on 06-May-2013 and a 52 week low of Rs. 12.50 on 04-Mar-2014.

Last one week high and low of the scrip stood at Rs. 15.18 and Rs. 12.86 respectively. The current market cap of the company is Rs. 784.19 crore.

The promoters holding in the company stood at 53.48% while Institutions and Non-Institutions held 3.30% and 43.22% respectively.

SpiceJet is reportedly set to order 42 Boeing 737 MAX jets. The budget airline has agreed to buy around 40 Boeing jets worth over $4 billion at list prices, a move that could help the loss-making carrier as it seeks new investors.

The airline, controlled by billionaire Kalanithi Maran's Sun Group, is seen as a target for foreign investors after India eased restrictions on investment by foreign airlines.

SpiceJet is India’s most preferred airline delivers the lowest air fares with the highest consumer value. The airline currently operates more than 350 daily flights to over 44 Indian cities and 9 international destinations.

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Spice Jet Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323