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 classes, SpiceJet shares have dropped practically 10%.
SpiceJet shares noticed a block deal throughout Thursday’s buying and selling session, whereby its promoter Ajay Singh bought a big variety of firm’s shares.
Ajay Singh, Chairman and Managing Director of aviation provider SpiceJet bought 1,15,38,462 shares of SpiceJet, representing 0.89% stake within the firm, through block offers on March 13, in keeping with official knowledge accessible on the BSE.
Singh bought SpiceJet shares at a median value of ₹45.34 per share, taking the entire transaction worth to ₹52 crore.
SpiceJet promoters held a 29.13% stake within the airline as of December 31, 2024, in keeping with 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 couple 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% prior to now six months. SpiceJet shares have fallen 10% in a single yr, 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.
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