back to top
HomeSTOCKS₹70 Share Price; 11% Return In A Single Day; Know The Share...

₹70 Share Price; 11% Return In A Single Day; Know The Share Price Target

Hot Stocks Alert Join

SpiceJet Share Price: SpiceJet share experienced a significant increase on Friday following the announcement of DGCA figures for January 2024. The share price increased by 11.28 percent in a day.

Additionally, SpiceJet MD Ajay Singh and Busy Bee Airways Private Limited had made a joint offer to purchase the airline that was bankrupt GoFirst. 

The announcement made by SpiceJet is coming just before the market closes certain experts expect a new response from markets the following Monday.

Operational Business Improvement

According to Indian market experts, SpiceJet MD Ajay and Busy Bee Airways Pvt Ltd have put forward a joint offer to buy the bankrupt airline.

He further said that Prashant Pitti, owner of leading online tourism company EaseMyTrip, holds 51 percent stake in GoFirst. 

Thus, the change is intended to improve the operational business of SpiceJet and Busy Bee Airways Pvt Ltd.

May Get Benefit

Thus, the change is intended to improve the operational business that is SpiceJet as well as Busy Bee Airways Pvt Ltd. 

The official further stated that Pran Sathiadasan was one of Directors of Busy Bee Airways Pvt Ltd and has also been a director of Fly Dubai.

Therefore, the market is expecting some perk gains from FlyDubai as well.

Trigger To Spicejet Shares

What impact this decision of Ajay Singh have on share prices of SpiceJet, Sandeep Pandey, the Founder of Basav Capital said,

“The market anticipates that the move will be a joint one between SpiceJet MD Ajay Singh will have a significant impact on shares of Busy Bee Airways Pvt Ltd. will aim at The aim is to improve aviation operations. Since EaseMyTrip owner Prashant Pitti holds 51 percent stake in Busy Bee Airways Pvt Ltd, the market is sensing an expected business advantage for SpiceJet.”

Outstanding Amount

Sandeep Pandey said, “But, there are some challenges as GoFirst, which has outstanding dues of about ₹6,200 crore, is facing insolvency proceedings.

If the bid succeeds There will be some difficulties on the front of insolvency since the new management job will be to clear this backlog to the shortest achievable degree.

Shares Cost

“SpiceJet shares are trading within the Rs 60 to Rs 75 range per share. If the current range crosses the overhead barrier of SpiceJet shareholders, the aviation stock could become extremely bullish,” said a market expert. 

“It is advisable to hold the stock below ₹60 while maintaining the stop loss.” He advised fresh entry only if SpiceJet shares decisively cross the ₹75 barrier.

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₹ 4,846 Cr.
Current Price₹ 70.81
52-wk High₹ 77.5
52-wk Low₹22.6
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 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%
Jan 202351.12%
FII Holding
Mar 20220.43%
June 20230.35%
Sept 20230.29%
Dec 20230.33%
Jan 20230.86%
DII Holding
Mar 20220.01%
June 20230.01%
Sept 20230.01%
Dec 20230.04%
Jan 20230.04%
Hot Stocks Alert Join
Public Holding
Mar 202240.58%
June 202340.67%
Sept 202343.16%
Dec 202344.35%
Jan 202347.98%

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%

Conclusion

This article is a complete guide about Spicejet 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.

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

BEST FOR YOU

LEAVE A REPLY

Please enter your comment!
Please enter your name here