SpiceJet flies high on commencing UDAN flights connecting Shivamogga with Chennai, Hyderabad
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SpiceJet is currently trading at Rs. 67.30, up by 1.54 points or 2.34% from its previous closing of Rs. 65.76 on the BSE.
The scrip opened at Rs. 67.00 and has touched a high and low of Rs. 68.98 and Rs. 66.70 respectively. So far 14895772 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 79.90 on 16-Sep-2024 and a 52 week low of Rs. 34.00 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 68.98 and Rs. 57.05 respectively. The current market cap of the company is Rs. 8679.58 crore.
The promoters holding in the company stood at 47.66%, while Institutions and Non-Institutions held 6.86% and 45.48% respectively.
SpiceJet has commenced new UDAN flights connecting Shivamogga in Karnataka with Chennai and Hyderabad, starting from October 10, 2024. This launch marks Shivamogga’s addition as a new station on SpiceJet’s domestic network and is the airline’s first new destination following its successful Rs 3,000 crore Qualified Institutional Placement (QIP), which has bolstered the airline’s expansion and growth plans. The new flights will operate daily, except Tuesdays, providing convenient travel options for passengers between Shivamogga and major metro cities, thereby encouraging tourism, trade, and regional development.
Additionally, the company is launching a double daily flight service connecting the key cities of Chennai and Kochi, also starting from October 10, 2024. This increased frequency will cater to the high demand for travel between these two important destinations.
SpiceJet is among the first private companies that stepped into the Indian aviation sector.
