SpiceJet share value plunged greater than 6% on Thursday, extending its slide for the fourth consecutive session. SpiceJet shares declined as a lot as 6.38% to ₹45.48 apiece on the BSE. Previously 4 periods, SpiceJet shares have dropped almost 10%.
SpiceJet shares noticed a block deal throughout Thursday’s buying and selling session, whereby its promoter Ajay Singh offered a big variety of firm’s shares.
Ajay Singh, Chairman and Managing Director of aviation service SpiceJet offered 1,15,38,462 shares of SpiceJet, representing 0.89% stake within the firm, by way of block offers on March 13, in response to official information accessible on the BSE.
Singh offered SpiceJet shares at a mean value of ₹45.34 per share, taking the overall transaction worth to ₹52 crore.
SpiceJet promoters held a 29.13% stake within the airline as of December 31, 2024, in response to the corporate’s shareholding sample on BSE. Ajay Singh held 22.9% stake, Ajay Singh HUF held 3.54%, whereas Kalpana Singh and Spice Healthcare Pvt. Ltd. held 0.02% and a pair of.67% stake, respectively, within the airline.
Public shareholders owned the remaining 70.87% stake in SpiceJet on the finish of December 2024.
SpiceJet Inventory Worth Pattern
SpiceJet share value has fallen over 19% on a year-to-date (YTD) foundation, and the airline inventory has dropped 36.5% previously six months. SpiceJet shares have fallen 10% in a single 12 months, however have gained 32% in two years.
SpiceJet inventory hit a 52-week excessive of ₹79.90 apiece on November 16, 2024, and touched a 52-week low of ₹39.91 February 18, 2025.
On Thursday, SpiceJet share value closed 6.38% decrease at ₹45.48 apiece on the BSE, commanding a market capitalisation of ₹5,829.11 crore.
Disclaimer: The views and suggestions made above are these of particular person analysts or broking corporations, and never of Mint. We advise traders to test with licensed specialists earlier than making any funding selections.
