 "SpiceJet")
SpiceJet has rallied 6% to Rs 95.30, its highest level since January 2008 on the BSE, after the foreign institutional investor (FII) bought just over 0.5% stake in the low-cost airline through the open market.
On January 27, 2016, The Royal Bank of Scotland PLC as trustee of Jupiter India Fund had bought 3.20 million equity shares representing 0.53% of total equity of SpiceJet at price of Rs 86.43 per share on BSE, the bulk deal data shows.
As of September 2015, FIIs held 0.60% stake in SpiceJet, the shareholding pattern data shows.
In past three trading sessions, since January 22, the stock rallied nearly 35% from Rs 70.85 after the company reported net profit of Rs 238 crore for the third quarter ended December 2015 (Q3FY16) against a loss of Rs 275 crore in Q3FY15. This is the fourth straight profitable quarter for the company on the back of lower fuel prices.
The fuel cost per available seat kilometer (ASKM) for the quarter declined to 1.07 from 1.59 last year, a decline of 33%, SpiceJet said in a statement.
In past six months, the stock outperformed the market and zoomed 258% from Rs 26.60 as compared to 11% decline in S&P BSE Sensex.
At 09:37 a.m. the stock was up 3.5% at Rs 93.35 with 8.61 million shares changed hands on the counter on the BSE.
On January 27, 2016, The Royal Bank of Scotland PLC as trustee of Jupiter India Fund had bought 3.20 million equity shares representing 0.53% of total equity of SpiceJet at price of Rs 86.43 per share on BSE, the bulk deal data shows.
As of September 2015, FIIs held 0.60% stake in SpiceJet, the shareholding pattern data shows.
In past three trading sessions, since January 22, the stock rallied nearly 35% from Rs 70.85 after the company reported net profit of Rs 238 crore for the third quarter ended December 2015 (Q3FY16) against a loss of Rs 275 crore in Q3FY15. This is the fourth straight profitable quarter for the company on the back of lower fuel prices.
The fuel cost per available seat kilometer (ASKM) for the quarter declined to 1.07 from 1.59 last year, a decline of 33%, SpiceJet said in a statement.
In past six months, the stock outperformed the market and zoomed 258% from Rs 26.60 as compared to 11% decline in S&P BSE Sensex.
At 09:37 a.m. the stock was up 3.5% at Rs 93.35 with 8.61 million shares changed hands on the counter on the BSE.
