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20-Feb2019

SpiceJet flies high on the bourses

Spicejet is currently trading at Rs. 77.25, up by 0.65 points or 0.85% from its previous closing of Rs. 76.60 on the BSE.

The scrip opened at Rs. 76.90 and has touched a high and low of Rs. 78.00 and Rs. 76.00 respectively. So far 103226 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 145.20 on 21-Feb-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. 78.40 and Rs. 73.15 respectively. The current market cap of the company is Rs. 4632.82 crore.

The promoters holding in the company stood at 60.03%, while Institutions and Non-Institutions held 10.05 % and 29.93 % respectively.

SpiceJet will start 12 new direct flights on its domestic network from March 31, 2019. The airline is the first Indian carrier to introduce daily direct flights on the Bhopal-Surat-Bhopal, Gorakhpur-Mumbai-Gorakhpur and Jaipur-Dharamshala-Jaipur sectors.

The airline will also to start two new flights on Delhi-Bhopal route as well as on Bhopal-Delhi route. It will also be flying a new daily flight from March 31 between Bhopal and Mumbai. The airline would be deploying a mix of its fleet of Boeing 737 and Bombardier Q-400 aircraft on these new routes.

The airline has launched an introductory promotional fare starting at Rs 2499 on Bhopal-Mumbai sector, Rs 3299 on the Bhopal-Delhi sector, Rs 3457 on the Bhopal-Surat sector, Rs 4399 on Gorakhpur-Mumbai sector and Rs 4099 on Jaipur-Dharamshala and Rs 3699 on Dharmshala - Jaipur routes.

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


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