{"id":111829,"date":"2023-10-13T16:25:01","date_gmt":"2023-10-13T10:55:01","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111829"},"modified":"2023-10-13T16:25:06","modified_gmt":"2023-10-13T10:55:06","slug":"smallcap-stock-hits-20-upper-circuit-after-rakesh-gangwal-in-talks-to-buy-a-stake","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/smallcap-stock-hits-20-upper-circuit-after-rakesh-gangwal-in-talks-to-buy-a-stake\/","title":{"rendered":"Smallcap stock hits 20% upper circuit after Rakesh Gangwal in talks to buy a stake"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1884549118\"><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>On Friday this small-cap stock hit 20% upper circuit after Rakesh Gangwal in talks to buy a stake. This stock has delivered 36% returns in six months and 12% returns in one year. The stock closed above the 50-day and 200-day moving averages.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1152184918\"><!-- 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><h4 class=\"wp-block-heading\" id=\"h-spicejet-ltd\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SPICEJET\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Spicejet Ltd<\/a><\/strong><\/h4><p>With a market capitalization of Rs. 2,982 Cr, the company belongs to a small-cap category. On Friday the stock hit 20% upper circuit and closed 19.3% up at Rs. 43.60 on BSE. On the same day, the stock reached a new 52-week high of Rs. 43.82.<\/p><p>As per the reports, Rakesh Gangawal, co-founder of the airline Indigo, was in advanced talks to buy a share in Spicejet Ltd.&nbsp;<\/p><p>The company\u2019s total revenue decreased by 18% from Rs. 2,456.77 Cr in Q1 FY23 to Rs. 2,001.74 Cr in Q1 FY24 and the company reported a net profit of Rs. 204.56 Cr in Q1 FY24 against a loss of 788.83 Cr in Q1 FY23.<\/p><div class=\"trade-content_5\" id=\"trade-1349208699\"><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>As per the latest shareholding data, promoters hold 58.98%, the public hold 40.67% and FIIs hold a 0.33% stake in the company.&nbsp;<\/p><p>Spicejet Ltd is an airline compnay. The company provides both domestic and international air travel services. The company&#8217;s operating segments include Airline Transport, Freighter, and Logistics Services. Its main source of revenue is passenger air travel, with secondary streams including Spice max, insurance, preferred seating, Spice vacations, lounge, visa, cab, cargo, and onboard goods.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sheshadri N<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\"><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-3177060980\"><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>On Friday this small-cap stock hit 20% upper circuit after Rakesh Gangwal in talks to buy a stake. This stock has delivered 36% returns in six months and 12% returns in one year. The stock closed above the 50-day and 200-day moving averages.&nbsp; Spicejet Ltd With a market capitalization of Rs. 2,982 Cr, the company [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":111830,"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":[9447,4306,948,936,9448],"class_list":["post-111829","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-spicejet-latest-news","tag-spicejet-share-price","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>Smallcap stock hits 20% upper circuit after Rakesh Gangwal in talks to buy a stake - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"On Friday this small-cap stock hit 20% upper circuit after Rakesh Gangwal in talks to buy a stake. 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