Thursday 12 January 2017

Stock in focus: Spice Jet

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INTRADAY STOCK TIPS| STOCK IN FOCUS:-http://equityresearchlab.com/stock-tips.php

Spice Jet could be the stock to watch out for on Jan 13, as the carrier is looking to expand its fleet. In a new development, the company will soon make an announcement of an order of 90-100 new aircrafts.


The order is estimated to be worth Rs 55000 crore. It will place the order with US aircraft maker, Boeing. Currently, the company has 47 aircrafts.

The stock of the company may spice up, however, in the last one year, the stock has fallen by 21.26%. Currently, it is trading with a P/E of 8.40. EPS of the company on a half yearly basis has given a return of Rs 7.6.

ICICI Prudential Mutual Fund is the only fund house which has invested in the stock of the company. The fund house has invested 1.105% of equity capital in the company.

Stock view:-

SpiceJet Ltd is currently trading at Rs 65.2, up by Rs 1.3 or 2.03% from its previous closing of Rs 63.9 on the BSE.

The scrip opened at Rs 65.2 and has touched a high and low of Rs 65.4 and Rs 64.8 respectively. So far 452719(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 3830.49 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 95.3 on 28-Jan-2016 and a 52 week low of Rs 54.5 on 09-Nov-2016. Last one week high and low of the scrip stood at Rs 66.1 and Rs 62.1 respectively.

The promoters holding in the company stood at 60.32 % while Institutions and Non-Institutions held 2.12 % and 37.56 % respectively.

The stock is currently trading above its 200 DMA. 

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