SpiceJet declines after extending flight cancellations

SpiceJet fell 3.93% to Rs 17.10 at 11:52 IST on BSE after the company extended its flight cancellations till 31 January 2015, affecting at least 329 flights.

Meanwhile, the S&P BSE Sensex was up 46.46 points or 0.17% at 27,452.11.

On BSE, so far 53.39 lakh shares were traded in the counter as against average daily volume of 1.10 crore shares in the past one quarter.

The stock hit a high of Rs 17.30 and a low of Rs 16.75 so far during the day. The stock had hit a 52-week low of Rs 11.10 on 13 August 2014. The stock had hit a 52-week high of Rs 22.20 on 26 May 2014.

The stock had outperformed the market over the past one month till 30 December 2014, declining 2.41% compared with Sensex's 4.5% fall. The scrip had also outperformed the market in past one quarter, jumping 44.48% as against Sensex's 2.9% rise.

The small-cap company has equity capital of Rs 599.45 crore. Face value per share is Rs 10.

SpiceJet reported a net loss of Rs 310.45 crore in Q2 September 2014, lower than net loss of Rs 559.49 crore in Q2 September 2013. Net sales rose 15.2% to Rs 1435.86 crore in Q2 September 2014 over Q2 September 2013.

SpiceJet is India's second largest airline by domestic passenger share.

Powered by Capital Market - Live News