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22-Oct2018

SpiceJet flies high on the bourses

SpiceJet is currently trading at Rs. 71.60, up by 0.75 points or 1.06% from its previous closing of Rs. 70.85 on the BSE.

The scrip opened at Rs. 71.70 and has touched a high and low of Rs. 72.25 and Rs. 70.55 respectively. So far 269673 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 156.25 on 20-Dec-2017 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. 74.40 and Rs. 69.40 respectively. The current market cap of the company is Rs. 4286.07 crore.

The promoters holding in the company stood at 60.03%, while Institutions and Non-Institutions held 8.79% and 31.18% respectively.

SpiceJet will launch daily direct flight between Hyderabad and Shirdi from November 3. The airline will be deploying its Bombardier Q400 aircraft on the route. SG 3576 will leave from Hyderabad at 9.35am and reach Shirdi at 11am, while on its return journey it will take off at 11.20 am and land Hyderabad at 12.40 pm. The airline has announced an introductory promotional fare of Rs 3999 on the Hyderabad Shirdi route and Rs 3900 on Shirdi-Hyderabad route.

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


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