SpiceJet flies high on planning to start operating flights on Mumbai-Male route

23 Dec 2020 Evaluate

Spicejet is currently trading at Rs. 95.40, up by 6.35 points or 7.13% from its previous closing of Rs. 89.05 on the BSE.

The scrip opened at Rs. 89.60 and has touched a high and low of Rs. 96.70 and Rs. 89.05 respectively. So far 1537048 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 120.00 on 01-Jan-2020 and a 52 week low of Rs. 30.80 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 106.30 and Rs. 82.35 respectively. The current market cap of the company is Rs. 5521.14 crore.

The promoters holding in the company stood at 59.91%, while Institutions and Non-Institutions held 9.17% and 30.92% respectively.

SpiceJet is planning to start operating flights on Mumbai-Male route in a phased manner from December 24, 2020. These flights will operate under the bilateral air bubble arrangement established between India and the Maldives. It will deploy its Boeing 737 aircraft on this route. India has formed air bubble arrangements with more than 22 countries, including the Maldives.

Under an air bubble agreement between two nations, airlines of both the countries can operate special flights between their territories with certain restrictions.

SpiceJet is India’s favourite airline that has made flying affordable for more Indians than ever before.

SpiceJet Share Price

61.60 0.73 (1.20%)
04-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Interglobe Aviation 4370.50
SpiceJet 61.60
Global Vectra Helico 288.05
Taneja Aerospace 470.90
TAAL Enterprises 3001.65
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.