Leading budget airline company Spicejet Ltd shares today surged 1.15% on Bombay Stock Exchange (BSE). Current market price of Spicejet shares on BSE stood at Rs 44.03 per share. The company will hold its meeting of Board of Directors next week on February 25, 2025 to consider financial results for 2nd quarter and 3rd quarter. The scrip hit second consecutive 52-week high price on February 18, 2025. However, shares declined 22.12% year-to-date (YTD) and gained over 14% in last 2-years.
The company’s market cap stood at Rs 5,643.26 crore and return on equity is 17.95%. The stock witnessed decline of 44.89% from its 52-week high price of 79.90 per share, if today’s current market price of the stock is taken into consideration. Check more details below:
Spicejet To Consider Financial Results Next Week
As per the regulatory filing of the company dated February 20, 2025, “this is to inform you that meeting of the Board of Directors of the Company will be held on February 25, 2025 (Tuesday), inter-alia, to consider and approve:
(a) The un-audited standalone and consolidated financial results for the second quarter ended September 30, 2024; and
(b) The un-audited standalone and consolidated financial results for the third quarter ended December 31, 2024.”
Spicejet Shares Performance
The 52-week high price of Spicejet shares on BSE is Rs 79.90 per share (as on 16/09/2024) and 52-week low price is Rs 39.91 per share (as on 18/02/2025), respectively. Spicejet shares plunged over 11% in last 2-weeks, slipped 22.67% in last 6-months, and declined 35.55% in last 1-year. In last 3-years, the stock fell 29.47% and 52.73% in last 5-years. The stock has underperformed the market as in last 10-years it rallied 83.85%. In comparison, BSE Sensex surged 158.74%.
Earlier last year, Carlyle Aviation gave approval to convert $30 million of lease arrears into SpiceJet equity at Rs 100 apiece, highlighting rising confidence in the Spiecejet’s financial and operational recovery.
Last year, SpiceJet inked an agreement with StandardAero Inc, a renowned US‐based engine MRO, for restoration of its grounded MAX fleet. Additionally, the company resolved disputes with many big lessors and partners.
Spicejet Dividend History & Bonus Share History
The company never recommended any dividends and bonus shares.
Shareholding
Promoters holding remains steady at 29.13% for December 2024 quarter. FII/FPI decreased holdings from 22.87% to 15.76% for December 2024 quarter. Number of FII/FPI investors remains unchanged at 122 for December 2024 quarter, according to Trendlyne.
Disclaimer: The story highlights upcoming Board Meet and should not be considered as investment advice by the Moneydaily.in or the Author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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