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SpiceJet shines on the bourses

Spicejet is currently trading at Rs. 107.90, up by 6.65 points or 6.57% from its previous closing of Rs. 101.25 on the BSE.

The scrip opened at Rs. 104.00 and has touched a high and low of Rs. 110.80 and Rs. 104.00 respectively. So far 4906254 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 139.30 on 23-Apr-2018 and a 52 week low of Rs. 60.60 on 04-Oct-2018.

Last one week high and low of the scrip stood at Rs. 103.85 and Rs. 93.00 respectively. The current market cap of the company is Rs. 6479.96 crore.

The promoters holding in the company stood at 60.00%, while Institutions and Non-Institutions held 12.01% and 27.99% respectively.

SpiceJet will induct 16 Boeing 737-800 NG aircraft on dry lease and has applied to the Directorate General of Civil Aviation (DGCA) for a No Objection Certificate (NOC) to import the aircraft. Subject to regulatory approvals, the aircraft would begin joining SpiceJet fleet in the next ten days.

SpiceJet is among the first private companies that stepped into the Indian aviation sector.

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