{"id":109170,"date":"2023-09-06T18:07:03","date_gmt":"2023-09-06T12:37:03","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=109170"},"modified":"2023-09-06T18:09:36","modified_gmt":"2023-09-06T12:39:36","slug":"aviation-stock-hits-20-upper-circuit-after-spice-healthcare-buys-3-14-cr-shares-in-the-company","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/aviation-stock-hits-20-upper-circuit-after-spice-healthcare-buys-3-14-cr-shares-in-the-company\/","title":{"rendered":"Aviation stock hits 20% upper circuit after Spice Healthcare buys 3.14 Cr shares in the company"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1289872262\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This airline stock jumped 20% in Wednesday\u2019s trading session as the promoter group company Spice Healthcare Private Limited buys 3.14 crore stake in the company on preferential basis.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2259610049\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Share price of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SPICEJET\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">SpiceJet<\/a><\/strong> opened at Rs. 34 levels and gained another 20% to reach its intra- day high of Rs. 39.70 per piece. The stock is trading at a discount of 29.71%.<\/p><p>On 5 September 2023, the company informed the exchange about an extension of three months to conduct the Annual General Meeting for the financial year ended March 2023. Accordingly, the AGM will take place on or before December 31, 2023.<\/p><p>On 4 September 2023, SpiceJet Limited issued and allotted 3.14 crore shares of face value of Rs. 10 each for Rs.29.84 apiece along with 13.1 crore warrants having option to apply and be allotted equivalent number of equity shares of face value of Rs. 10 each for Rs. 29.84 per share on a preferential basis to Spice Healthcare. <\/p><div class=\"trade-content_5\" id=\"trade-666427747\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Further, the company allotted 4.81 crore equity shares of face value of Rs. 10 each for Rs. 48 per share to nine of its aircraft lessors in order to clear its outstanding dues of Rs. 231 crore on a preferential basis.<\/p><p>As per its recent financial statements, the company has made a revenue of Rs. 2003.59 crore in Q1FY24, a fall of 6.5% from Rs. 2145.07 crore in Q4FY23. Its net loss of Rs. 6.2 crore in Q4FY23 turned out to be a net profit of Rs. 197.65 crore in Q1FY24. The company\u2019s net profit margin which was 0.29% in Q4FY23 increased to 9.86% in Q1FY24. It maintains a low debt to equity ratio of -0.25.<\/p><p>SpiceJet Limited is an Indian airline company based out of Gurgaon, Haryana.it is known to be a low- cost airline and covers remote parts of the country. Spicejet was earlier known as Royal Airways and it was later budgeted low in order to gain a new customer base and change the overview of the company.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>Written by Bhumika Khandelwal<\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2025558611\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This airline stock jumped 20% in Wednesday\u2019s trading session as the promoter group company Spice Healthcare Private Limited buys 3.14 crore stake in the company on preferential basis. Share price of SpiceJet opened at Rs. 34 levels and gained another 20% to reach its intra- day high of Rs. 39.70 per piece. The stock is [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":81243,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[9447,4331,948,936,9448],"class_list":["post-109170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-spicejet-latest-news","tag-spicejet-shares","tag-stock-market","tag-stock-market-news","tag-why-is-spicejet-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Aviation stock hits 20% upper circuit after Spice Healthcare buys 3.14 Cr shares in the company - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/aviation-stock-hits-20-upper-circuit-after-spice-healthcare-buys-3-14-cr-shares-in-the-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aviation stock hits 20% upper circuit after Spice Healthcare buys 3.14 Cr shares in the company\" \/>\n<meta property=\"og:description\" content=\"This airline stock jumped 20% in Wednesday\u2019s trading session as the promoter group company Spice Healthcare Private Limited buys 3.14 crore stake in the company on preferential basis. Share price of SpiceJet opened at Rs. 34 levels and gained another 20% to reach its intra- day high of Rs. 39.70 per piece. 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