Shares of the airline provider Spicejet can be in focus in Monday’s session (March 17, 2025) after the corporate’s promoter Ajay Singh offloaded a stake within the smallcap inventory value Rs 49.8 crore.
Ajay Singh, Chairman and Managing Director pared stake within the provider through block offers within the earlier session, in line with official knowledge accessible on the Bombay Inventory Alternate.
As per the info accessible, Singh offered 1.1 crore fairness shares within the firm -equating to 0.8 per cent stake at Rs 45.34 per share.
After the stake sale, his shareholding within the firm has now come right down to 22.9 per cent as of December quarter to now 22.1 per cent.
Within the earlier session, the inventory ended sharply decrease by over 6 per cent at Rs 45.48 per share on the BSE.
The inventory since its all-time excessive touched final yr of Rs 156.9 per share has declined by as a lot as 71 per cent. Within the final one month, the inventory traded within the vary of Rs 42- 50 per share.
Spicejet Q3FY25 outcomes
Within the quarter ended December 2024, the corporate reported web revenue of Rs 20.44 crore as towards web lack of Rs 298.63 crore in the course of the earlier quarter ended December 2023. Gross sales declined 36.30 per cent to Rs 1178.76 crore within the quarter ended December 2024 as towards Rs 1850.48 crore in the course of the earlier quarter ended December 2023.
Spicejet share value efficiency
Within the final one yr, the inventory has tanked 10 per cent, whereas its year-to-date return is at damaging 18 per cent.
