Airline Stock Under Rs 50 Jumps on Rating Update From Acuité Ratings & Research; Details Inside
Airline Stock Under Rs 50 Jumps on Rating Update From Acuité Ratings & Research; Details Inside
The stock’s 52-week high is Rs 79.90 per share and its 52-week low is Rs 39.91 per share.
The stock’s 52-week high is Rs 79.90 per share and its 52-week low is Rs 39.91 per share.
Turnaround Net Profit: Airline Stock Under Rs 50 Jumps 6 Per Cent With Heavy Volume
In its annual results, the company reported net sales of Rs 7,085 crore, an operating loss of Rs 644 and a net loss of Rs 424 crore in FY24.
The company has a market cap of over Rs 6,000 crore.
Stock Under Rs 50: Company Reports Surprising Profit Turnaround Despite Revenue Decline
A major highlight was net profit, which turned positive at Rs 25 crore, marking a 108 per cent improvement YoY from a loss of Rs 301 crore in Q3 FY23.
The company’s sales dropped 35 per cent YoY to Rs 1,237.0 crore, compared to Rs 1,914.4 crore in Q3 FY23.
Airline Stock Under Rs 50 Will Be in Focus Tomorrow as Company Reports a Turnaround Net Profit of Rs 26 Crore in Q3FY25
Additionally, the company spent Rs 170 Crore on ungrounding aircraft, which likely contributed to the improved operational efficiency.
These efforts, combined with improved financial performance, led to credit rating upgrades, with Acuité raising its rating by four notches to B+ (Stable Outlook) and CARE Ratings assigning a BB- (Stable Outlook).
Airline Stock Under Rs 50 Jumps After SpiceJet Assigned BB‐ with Stable Outlook by CARE Ratings Citing Improved Liquidity and Turnaround Prospects
The stock is up by 14 per cent from its 52-week low of Rs 43.61 per share.
The stock is up by 14 per cent from its 52-week low of Rs 43.61 per share.
Airline Stock Under Rs 50 in Green After Company to Re-Induct First Grounded 737 MAX Aircraft into Service
The stock is up by 7.54 per cent from its 52-week low of Rs 43.61 per share.
According to quarterly results, the company reported net sales of Rs 1,708 crore, operating profit of Rs 49 crore and net profit of Rs 158 crore in Q2FY25.
Airline Stock Under Rs 60 In Focus As Company to Unground 10 Aircraft by Mid‐April 2025
This move will substantially increase the airline's current fleet size of 28 aircraft, despite the redelivery of some planes to lessors during the same period.
SpiceJet has made significant strides in resolving disputes with several major lessors and partners, including Export Development Canada, Engine Lease Finance Corporation and Aircastle
FIIs Bought 27,86,70,546 Shares: Airline Stock Under Rs 65; Company Announces Special Daily Flights to Prayagraj for Maha Kumbh 2025
In its annual results, the company reported net sales of Rs 7,085 crore, an operating loss of Rs 644 and a net loss of Rs 424 crore in FY24.
SpiceJet is the only airline offering non-stop flights between Ahmedabad and Prayagraj, providing pilgrims from Gujarat with a seamless and convenient travel option.
FIIs Bought 27,86,70,546 Shares: Airline Stock Under Rs 65 Jumps with Heavy Volume After Settling Over USD 16 Million Dispute with Genesis
The stock is up by 33.3 per cent from its 52-week low of Rs 46 per share.
The stock is up by 33.3 per cent from its 52-week low of Rs 46 per share.
Rs 3,000 Crore Fund Raise via QIP: Airline Stock Under Rs 60 in Green After Clearing All Pending Employee Provident Fund Dues
The stock is up by 28.7 per cent from its 52-week low of Rs 42.05 per share.
The stock is up by 28.7 per cent from its 52-week low of Rs 42.05 per share.
Airline Stock Under Rs 60 In Focus As Acuité Upgrades SpiceJet’s Credit Rating by Four Notches to B+ with Stable Outlook, Short-Term Rating Raised to A4
The stock is up by 67 per cent from its 52-week low of Rs 36.75 per share.
According to the shareholding pattern of September 2024, FIIs bought 26,99,23,000 shares or a 21.06 per cent stake and increased their stake to 22.87 per cent compared to 1.81 per cent in June 2024.
FIIs Bought 23.31 Per Cent: Airline Stock Under Rs 70 To Keep Under Radar As Company Is Removed From DGCA’s Enhanced Surveillance
The stock is up by 98.8 per cent from its 52-week low of Rs 34 per share.
The stock is up by 98.8 per cent from its 52-week low of Rs 34 per share.