The upbeat sentiment around the stock follows the airline’s ongoing expansion of its operational capacity. In a press statement, SpiceJet said it has added two Boeing 737 aircraft to its fleet.
The recent rebound in SpiceJet's share price followed a statement by Chairman and Managing Director Ajay Singh, who announced that the airline would be operating 100 additional flights over the next few days to support passengers amid widespread IndiGo flight delays and cancellations across the country.
The budget carrier recently completed the allotment of equity shares to Carlyle Aviation Partners. The Allotment Committee of the Board, in its meeting on November 18, approved the issuance of 10,41,72,634 equity shares with a face value of Rs 10 each at an issue price of Rs 42.32 per share.
The budget carrier recently completed the allotment of equity shares to Carlyle Aviation Partners. The Allotment Committee of the Board, in its meeting on November 18, approved the issuance of 10,41,72,634 equity shares with a face value of Rs 10 each at an issue price of Rs 42.32 per share.
The latest additions comprise a mix of Boeing 737s and an Airbus A340, along with the reactivation of a Boeing 737 MAX that had been previously grounded.
The recent upmove follows the airline's announcement of a significant expansion in its flight operations for the Winter Schedule 2025.
SpiceJet: The stock eventually closed 2.37 per cent lower at Rs 28.78. With this, the counter has plunged 48.99 per cent so far in calendar year 2025.
SpiceJet: The Gurugram-based budget carrier today informed exchanges that it has achieved a second credit rating upgrade in a month, signalling the airline's improved credit profile, strengthened liquidity position and sustained focus on financial discipline.
At current levels, the stock commands a price-to-earnings (PE) multiple of 82.17 and a price-to-book (PB) ratio of 112.30. The stock boasts a return on equity (ROE) of 137.84 per cent.
On the operational front, SpiceJet recently received the first two overhauled engines from global MRO provider StandardAero.
SpiceJet shares rose 4.99 per cent to hit a high of Rs 46 on BSE, trimming its year-to-date losses to 20.33 per cent. Nuvama suggested a target price of Rs 48 on the airline stock.
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