Trending stocks: Spicejet stock price climbs over 3%

NEW DELHI: Shares of Spicejet Ltd. traded 3.02 per cent up in Thursday 's trade at 11:04AM (IST). Around 346764 shares changed hands on the counter.

The counter opened at Rs 43.75 and touched an intraday high and low of Rs 44.8 and Rs 42.6 , respectively, in the session so far. Shares of the company quoted a 52-week high of Rs 152.85 and a 52-week low of Rs 31.05 .

Spicejet Ltd., incorporated in the year 1984, is a Mid Cap company (having a market cap of Rs 2583.33 Crore) operating in Airlines sector.


The airline company told its pilots that they won’t be getting any salary for the months of April and May. Pilots operating cargo flights -- the only ones allowed during the lockdown -- will be paid for the hours flown. The low cost carrier is one of the most financially stressed Indian carrier with precariously low cash reserves

Key Financials

The company reported consolidated sales of Rs 3542.696 crore for the quarter ended 31-Dec-2019 , up 28.29 per cent from previous quarter's Rs 2761.509 crore and up 48.6 per cent from the year-ago quarter's Rs 2383.984 crore.

The net profit after tax for the latest quarter stood at Rs 77.968 crore, 20.99 per cent from the same quarter a year ago .

Shareholding pattern
As of 31-Mar-2020 , DIIs held 10.2766695 per cent stake in the firm , while foreign institutional investors held 1.7139316 per cent and the promoters 59.927223 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of -55.36 and a price-to-book ratio of -5.84 .A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for 'nil' growth in the business.

Spicejet Ltd. belongs to the Airlines industry.