SpiceJet flies high on the bourses

Spicejet is currently trading at Rs. 130.70, up by 5.50 points or 4.39% from its previous closing of Rs. 125.20 on the BSE.

The scrip opened at Rs. 125.40 and has touched a high and low of Rs. 132.00 and Rs. 125.30 respectively. So far 772928 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 156.90 on 03-Jun-2019 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. 133.90 and Rs. 121.45 respectively. The current market cap of the company is Rs. 7508.47 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 start eight new daily international flights from Mumbai and Delhi from July. The airline will service Mumbai-Riyadh-Mumbai, Mumbai-Dhaka-Mumbai, Delhi-Dhaka-Delhi and Delhi-Jeddah-Delhi routes with daily non-stop flights.

The flights on Mumbai-Dhaka-Mumbai route and Mumbai-Riyadh-Mumbai route will start from July 25 and August 15, respectively. On Delhi-Dhaka-Delhi route and Delhi-Jeddah-Delhi route, the daily flights will begin from July 31. The airline will deploy its 168-seater Boeing 737-800 aircraft on all aforesaid routes.

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

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