SpiceJet flies high on plan to raise funds upto Rs 5000 crore

31 Dec 2015 Evaluate

Spicejet is currently trading at Rs. 75.10, up by 2.35 points or 3.23% from its previous closing of Rs. 72.75 on the BSE.

The scrip opened at Rs. 72.90 and has touched a high and low of Rs. 75.60 and Rs. 72.30 respectively. So far 11199334 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 75.60 on 29-Dec-2015 and a 52 week low of Rs. 15.75 on 06-Jan-2015.

Last one week high and low of the scrip stood at Rs. 75.60 and Rs. 69.75 respectively. The current market cap of the company is Rs. 4405.96 crore.

The promoters holding in the company stood at 60.32% while Institutions and Non-Institutions held 0.61% and 39.08% respectively.

SpiceJet, one of the major aviation players in domestic market, has received its shareholders’ approval to raise funds worth up to Rs 5,000 crore through various instruments. The company is likely to use this fund to expand its fleet. Currently, the company has some 41 planes in its fleet, including 25 Boeing 737s, 14 Bombardier Q400s and two leased Airbus 320 family.

SpiceJet was among the first private companies that stepped into the Indian aviation sector. The airline was launched with an objective to deliver the lowest air fares with the highest consumer value, to price sensitive consumers. The company has alliance with some of the best names known globally like Honeywell, Weber Seats, etc, to ensure highest safety standards.

 

SpiceJet Share Price

55.81 0.88 (1.60%)
22-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
Interglobe Aviation 4141.60
SpiceJet 55.81
Global Vectra Helico 226.75
Taneja Aerospace 404.20
TAAL Enterprises 2660.75
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.