back to top
HomeSTOCKS₹59 Share Price; Now Company Makes Big Preparations; Know The Target Price...

₹59 Share Price; Now Company Makes Big Preparations; Know The Target Price From 2024 To 2030

Hot Stocks Alert Join

Spicejet Ltd: The stock market was very volatile on Friday. Both the BSE Sensex (BSE) and NSC Nifty closed at a low level. 

The BSE Sensex closed Friday at 72643, a drop of 454 points. Nifty dropped 123 points to close at 22023. 

SpiceJet Limited, India’s low-cost airline, closed the volatile stock market at Rs 59.47 up Rs 5.36.

SpiceJet Limited has 52 shares, with a total market capitalization of Rs 4640 Crore. 

The 52-week highest price is Rs 77.50 and the 52-week lowest is Rs 22.65. 

SpiceJet Limited informed the stock exchange that it had made special arrangements for Haj pilgrimage, and included two wide-body A340s in its fleet.

SpiceJet Limited hopes to improve its revenue this year. SpiceJet Ltd, India’s low-cost airline, plans to operate wide-body aircraft from Srinagar & Guwahati.

SpiceJet operated 200 Haj special flights in the past year, serving 21,000 pilgrims. The first phase of yatra will begin this year on 9 May 2024. 

A wide-body plane can accommodate 324 passengers. SpiceJet is planning to transport pilgrims on the Haj pilgrimage, from places like Srinagar and Gaya.

SpiceJet Limited, a low-cost carrier in India, has announced that it is making major preparations just before the start of the summer holidays. 

SpiceJet Limited, India’s low-cost carrier, has decided to lease 10 aircraft due to the high demand and increased flight prices during the summer peak season. 

SpiceJet Limited informed the stock exchange that it had decided to lease 10 aircraft to increase capacity before its summer schedule.

About Spicejet Ltd

SpiceJet Limited is engaged in the provision of air transportation services for the transportation of passengers as well as cargo.

The Air Transport services encompass among others, passenger transportation, &  ancillary cargo operations that result from the operation of passenger aircraft.

The company is also involved in cargo operations and operates on international and domestic routes.

It is powered by an integrated transportation infrastructure that includes air cargo & ground transportation and storage facilities throughout the country. 

The company’s cargo network covers 53 international and domestic destinations. It owns its fleet of Boeing 737-700, 737-801s, and 737-900ERs. 

It provides a variety of services, like foreign exchange services and travel assistance services. 

Fundamental Analysis of Spicejet Ltd 

Market Cap₹ 4,070 Cr.
Current Price₹ 59.47
52-wk High₹ 77.50
52-wk Low₹ 22.65
Stock P/E
Book Value₹ -82.8
Dividend0.00 %
ROCE-36.6 %
ROE
Face Value₹ 10.0
P/B Value
OPM-3.02 %
EPS₹ -1.55
Debt₹ 6,740 Cr.
Debt to Equity

Spicejet Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 70₹ 91
2025₹ 93₹ 112
2026₹ 115₹ 120
2027₹ 124₹ 135
2028₹ 140₹ 154
2029₹ 175₹ 220
2030₹ 225₹ 235
Hot Stocks Alert Join

Spicejet Ltd Shareholding Pattern

Promoters Holding
Mar 202258.98%
June 202358.98%
Sept 202356.53%
Dec 202355.28%
Feb 202448.49%
FII Holding
Mar 20220.43%
June 20230.35%
Sept 20230.29%
Dec 20230.33%
Feb 20246.21%
DII Holding
Mar 20220.01%
June 20230.01%
Sept 20230.01%
Dec 20230.04%
Feb 20240.19%
Hot Stocks Alert Join
Public Holding
Mar 202240.58%
June 202340.67%
Sept 202343.16%
Dec 202344.35%
Feb 202445.12%

Spicejet Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 9,121 Cr
2020₹ 12,375 Cr
2021₹ 5,171 Cr
2022₹ 6,604 Cr
2023₹ 7,894 Cr

Last 5 Years’ Net Profit:

2019₹ -302 Cr
2020₹ -937 Cr
2021₹ -1,030 Cr
2022₹ -1,744 Cr
2023₹ -148 Cr
Hot Stocks Alert Join

Last 5 Years’ Debt-To-Equity Ratio:

2019-2.78
2020-0.55
2021-0.27
2022-0.25
2023-0.2

Last 10 Years’ Profit Growth:

10 Years:
5 Years:
3 Years:-29%
Current Year:93%

Last 10 Years’ Sales Growth:

10 Years:
5 Years:3%
3 Years:-10%
Current Year:-8%

Last 10 years’ Return on Equity (ROE):

10 Years:
5 Years:
3 Years:
Last Year:

Conclusion

This article is a complete guide about Spicejet Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

If you are new to our website and want to get all the latest updates related to the stock market, join us on Telegram Group.

If you have any further queries, please comment below. We will be happy to answer all your questions. 

If you like this information, share the article with as many people as possible.

BEST FOR YOU

LEAVE A REPLY

Please enter your comment!
Please enter your name here