SPICEJET SHARE PRICE

SpiceJet is a domestic low-budget air carrier offering scheduled flights between major cities in India. The company operates a fleet of Boeing 737 aircraft. It was incorporated in 2004 with its headquarters in Gurgaon, Haryana. During FY 2020-2021, the company recorded a total revenue of Rs 6,119.39 crore, down 53.66% from the previous financial year, 2019-2020. The company’s market capitalisation stood at Rs 2,858 crore on 8 August 2022.  

The company is listed on the Bombay Stock Exchange with the code 500285, and on the National Stock Exchange with the code SPICEJET.  

SpiceJet provides e-booking and e-ticketing facilities along with telephone booking. Its mission is to become India’s preferred low-cost airline. It covers 53 destinations, including international destinations, such as Sharjah, Riyadh, Muscat, Male, Dubai, Kabul, Colombo, and more. For the quarter ended December 2021, the company posted a profit of Rs 42.47 crore after reporting losses for three consecutive quarters. The EBIT for the December 2021 quarter was Rs 130.19 crore. 

The company’s shareholding pattern on 30 June 2022 showed a 59.4% promoter stake with 44.24% of the holdings pledged. The foreign institutional investor stake was 1.18%, the domestic institutional investor stake was 0.04%, and the public stake was 39.38%. The leading promoter was Mr Ajay Singh, SpiceJet’s chairman and managing director, with a 50.57% share.  

The company’s key people include Mr Manoj Kumar, Mrs Shiwani Singh, Mr Ajay Aggarwal, and Mr Anurag Bhargava. It has S R Batliboi & Associates LLP as its auditors. SpiceJet Ltd. disclosed a total of 60.18 crore shares outstanding on 30 June 2022.  

SpiceJet Ltd.’s share price on BSE closed at Rs 47.50 on 8 August 2022. It closed at the same price, Rs 47.50, on NSE. The 52-week high for SpiceJet Ltd.’s share price was Rs 87.30, and the 52-week low for the company’s share price was Rs 34.75.  

As of 30 June 2022, Nippon India Nifty Smallcap 250 Index Fund had a 0.13% stake in the company. Motilal Oswal Nifty Smallcap 250 Index Fund also had a 0.13% stake, while ICICI Prudential Nifty Smallcap 250 Index Fund and ICICI Prudential S&P BSE 500 ETF had a 0.13% and 0.01% stake, respectively.  

The company’s peers include Jet Airways (India), InterGlobe Aviation, Global Vectra Helicorp, and Jagson Airlines. 

Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose 

SpiceJet is a domestic low-budget air carrier offering scheduled flights between major cities in India. The company operates a fleet of Boeing 737 aircraft. It was incorporated in 2004 with its headquarters in Gurgaon, Haryana. During FY 2020-2021, the company recorded a total revenue of Rs 6,119.39 crore, down 53.66% from the previous financial year, 2019-2020. The company’s market capitalisation stood at Rs 2,858 crore on 8 August 2022.  

The company is listed on the Bombay Stock Exchange with the code 500285, and on the National Stock Exchange with the code SPICEJET.  

SpiceJet provides e-booking and e-ticketing facilities along with telephone booking. Its mission is to become India’s preferred low-cost airline. It covers 53 destinations, including international destinations, such as Sharjah, Riyadh, Muscat, Male, Dubai, Kabul, Colombo, and more. For the quarter ended December 2021, the company posted a profit of Rs 42.47 crore after reporting losses for three consecutive quarters. The EBIT for the December 2021 quarter was Rs 130.19 crore. 

The company’s shareholding pattern on 30 June 2022 showed a 59.4% promoter stake with 44.24% of the holdings pledged. The foreign institutional investor stake was 1.18%, the domestic institutional investor stake was 0.04%, and the public stake was 39.38%. The leading promoter was Mr Ajay Singh, SpiceJet’s chairman and managing director, with a 50.57% share.  

The company’s key people include Mr Manoj Kumar, Mrs Shiwani Singh, Mr Ajay Aggarwal, and Mr Anurag Bhargava. It has S R Batliboi & Associates LLP as its auditors. SpiceJet Ltd. disclosed a total of 60.18 crore shares outstanding on 30 June 2022.  

SpiceJet Ltd.’s share price on BSE closed at Rs 47.50 on 8 August 2022. It closed at the same price, Rs 47.50, on NSE. The 52-week high for SpiceJet Ltd.’s share price was Rs 87.30, and the 52-week low for the company’s share price was Rs 34.75.  

As of 30 June 2022, Nippon India Nifty Smallcap 250 Index Fund had a 0.13% stake in the company. Motilal Oswal Nifty Smallcap 250 Index Fund also had a 0.13% stake, while ICICI Prudential Nifty Smallcap 250 Index Fund and ICICI Prudential S&P BSE 500 ETF had a 0.13% and 0.01% stake, respectively.  

The company’s peers include Jet Airways (India), InterGlobe Aviation, Global Vectra Helicorp, and Jagson Airlines. 

Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose