SpiceJet flies high on launching eight new flights
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SpiceJet is currently trading at Rs. 63.03, up by 1.78 points or 2.91% from its previous closing of Rs. 61.25 on the BSE.
The scrip opened at Rs. 62.90 and has touched a high and low of Rs. 64.00 and Rs. 62.40 respectively. So far 12998522 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. 36.75 on 09-Nov-2023.
Last one week high and low of the scrip stood at Rs. 64.00 and Rs. 58.27 respectively. The current market cap of the company is Rs. 8102.82 crore.
The promoters holding in the company stood at 29.13%, while Institutions and Non-Institutions held 31.24% and 39.63% respectively.
SpiceJet is further expanding its domestic network with the launch of eight new flights starting November 15, 2024. These new routes will connect Jaipur with Varanasi, Amritsar and Ahmedabad, while also linking Ahmedabad with Pune. This expansion follows the recent launch of 32 new flights in October 2024, including two international flights connecting Delhi with Phuket.
Last month, the company also commenced UDAN flights linking Shivamogga in Karnataka with Chennai and Hyderabad, and introduced double daily flights between Chennai and Kochi, enhancing connectivity across key regional and metropolitan cities.
SpiceJet is among the first private companies that stepped into the Indian aviation sector.
