SpiceJet trades higher on the BSE
SpiceJet is currently trading at Rs. 45.49, up by 1.62 points or 3.69% from its previous closing of Rs. 43.87 on the BSE.
The scrip opened at Rs. 44.48 and has touched a high and low of Rs. 46.90 and Rs. 43.80 respectively. So far 8681431 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. 43.61 on 27-Jan-2025.
Last one week high and low of the scrip stood at Rs. 50.64 and Rs. 43.61 respectively. The current market cap of the company is Rs. 5894.47 crore.
The promoters holding in the company stood at 29.13%, while Institutions and Non-Institutions held 23.30% and 47.57% respectively.
SpiceJet is all set to re-induct its first ungrounded Boeing 737 MAX aircraft with operations starting from January 29, 2025. To facilitate the restoration of its MAX fleet, recently the company entered into services agreements with StandardAero, a leading US-based engine maintenance, repair, and overhaul (MRO) provider, and CFM International, the original equipment manufacturer (OEM) for LEAP-1B engines.
Under its ongoing fleet restoration plan, the airline aims to bring ten aircraft, including four Boeing 737 MAX planes, back into service by mid-April 2025 and this is the first 737 MAX aircraft to be brought back under the exercise.
The addition of this aircraft will enable the airline to operate in high-demand markets such as Jeddah and Riyadh without any operational restrictions. The induction of these fuel-efficient planes will result in significant cost savings due to reduced fuel consumption, lower maintenance requirements, and higher aircraft utilization, all of which will contribute to further optimizing the airline’s operations.
Since October 2024, the airline has added ten aircraft to its fleet, comprising three previously grounded planes and seven newly leased aircraft. This has enabled the airline to expand its network with over 60 new flights introduced in the last three months, further enhancing connectivity and offering passengers more travel options.
SpiceJet is India’s most preferred low-cost airline, connecting the remotest corners of the country. It operates the maximum number of UDAN flights in India, addressing its vision to make flying affordable and approachable for Indians.
