The lessors sought deregistration of three Boeing 737-800s due to outstanding payment issues. The DGCA deregistered the planes with the call letters VT-MXJ, MXF, and SZJ.
Go First's bankruptcy filing lists creditors including Central Bank of India, Bank of Baroda, IDBI Bank, and Deutsche Bank, to whom it owes a total of 65.21 billion rupees.
This indicates the market value of any publicly traded firm’s outstanding shares. At present 20 Apr, 2024, the market cap of SpiceJet is around Rs 2472.40 crores.
Is Adani investing in SpiceJet?
The Adani Group is actively investing in SpiceJet. Therefore, it can help SpiceJet maintain its position as the largest operator of airports in the nation and become an even more powerful force in the aviation industry.
Is SpiceJet a good investment?
SpiceJet has generated profits in their passenger as well as cargo business vertical. The business shows signs of recovery after declining share prices for a certain period. Restructuring initiatives focused on enhancing fuel capacity and increasing passenger capacity in each aircraft are leading the company toward a positive future. Therefore, SpiceJet seems like a good investment. But remember to assess different metrics like PE and PB ratio before investing in it.
Why is SpiceJet share price falling?
The SpiceJet share price has been falling because of elevated fuel prices and higher operational costs.
Who is investing in SpiceJet?
Elara India Opportunities Fund, Nexus Global Fund, Resonance Opportunities Fund, Prabhudas Lilladher, Mahapatra Universal Limited, and Aries Opportunities Fund are SpiceJet’s new investors.
Is SpiceJet debt-free?
The total debt of SpiceJet stands at Rs 16.5 billion.
Is SpiceJet listed on NSE?
Yes, SpiceJet is listed on NSE and has the code SPICEJET.
What is the Mutual Fund shareholding in Spicejet?
The mutual fund shareholding of SpiceJet was reported as 0.04%.
What is the promoter shareholding in Spicejet?
As of 25 Jan 2024, the promoter holding of SpiceJet is 51.11%.
Is Spicejet profitable?
SpiceJet reported a profit of Rs 1512.76 crores in 2023.
Is Spicejet a good stock to invest in?
Before investing in Spicejet, you should focus on analyzing it on the basis of different metrics. Some key metrics for understanding its performance include the price-to-earnings ratio and dividend yield.
Should I buy or sell Spicejet?
0 analysts provide a strong buy rating.
2 analysts provide a buy rating.
2 analysts provide a hold rating.
0 analysts provide a sell rating.
0 analysts provide a strong sell rating.
Therefore, the average broker rating for this stock is Buy.
What is the 52 Week High and Low of SpiceJet?
This is an important trading indicator to assess any stock price over a specific period of 52 weeks. As of 14 Feb 2024, SpiceJet exhibited a 52-week high of Rs 77.50 and a 52-week low of Rs 22.65
What is the PE and PB ratio of SpiceJet?
The PE ratio of SpiceJet is -2.82, and its PB ratio is -0.33.
What is the Share Price of SpiceJet?
The share price of SpiceJet keeps changing according to different factors. As of 14 Feb 2024, the price stands at Rs 0.00.
How to Buy SpiceJet Share?
The easiest way to purchase SpiceJet shares is creating a demat account on IIFL. Submit the right KYC documents to undergo verification while opening your account.