{"id":118512,"date":"2024-02-02T16:35:59","date_gmt":"2024-02-02T11:05:59","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=118512"},"modified":"2024-02-02T17:54:40","modified_gmt":"2024-02-02T12:24:40","slug":"smallcap-stock-jumps-15-after-securing-flight-rights-for-haj-operations-from-seven-indian-cities","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-15-after-securing-flight-rights-for-haj-operations-from-seven-indian-cities\/","title":{"rendered":"Smallcap stock jumps 15% after securing flight rights for Haj operations from seven Indian cities\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-79750899\"><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>The shares of this air transport services provider gained up to 15 percent after the company announced that it has secured flight rights for Haj operations from seven Indian cities.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-866802655\"><!-- 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>With a market capitalization of Rs 4,952.55 crore, the shares of SpiceJet Ltd closed at Rs 71.50 per share, increased around 11.82 percent as compared to the previous closing price of Rs 63.94 apiece.&nbsp;<\/p><p>According to the company filing, SpiceJet Ltd has announced that it has secured flight rights for Haj operations from seven Indian cities. The cities include Srinagar, Gaya, Guwahati, Bhopal, Indore, Aurangabad, and Vijayawada.&nbsp;<\/p><p>Furthermore, Haj has been a significant revenue generator for SpiceJet, reaffirming its commitment to serving diverse segments of passengers. In the current fiscal year, SpiceJet garnered a revenue of INR 337 crore from Haj operations.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-334125031\"><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>Moreover, The first phase of Haj activities begins on May 9, with flights to Medina. SpiceJet is preparing to provide a seamless and comfortable travel experience for Haj pilgrims from chosen cities.&nbsp;<\/p><p>Looking into the company&#8217;s financial, SpiceJet Ltd\u2019s revenue decreased by 26 percent from Rs 1,954 Crore in Q2FY23 to 1,429 Crore in Q2FY24. During the same period, net loss decreased by 45 percent from Rs 833 crore to Rs 449 crore.&nbsp;<\/p><p>The quarter concluded on March 31, 2023. The Holding Company received Rs. 5,412.96 million in additional funds under the ECLGS scheme. Additionally, the company has initiated the process of issuing fresh equity shares\/equity warrants to the promoter group for a value of Rs. 5,000 million.&nbsp;<\/p><p>It produces income primarily via two segments: air transport services and freight and logistics services. For Q1FY24, the income from air transport services is Rs 2002 crore, accounting for 96% of total revenue. The Cargo segment generated Rs 729 crore, accounting for 4% of total revenue.&nbsp;<\/p><p>SpiceJet Limited provides air transport services for passengers and cargo. The company&#8217;s segments include Air Transport Services, Freighter and Logistics Services, and Other Services.&nbsp;<\/p><p><strong>Written by:- Abhishek Singh<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-2037754480\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\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><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><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-2074162749\"><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>The shares of this air transport services provider gained up to 15 percent after the company announced that it has secured flight rights for Haj operations from seven Indian cities.&nbsp; With a market capitalization of Rs 4,952.55 crore, the shares of SpiceJet Ltd closed at Rs 71.50 per share, increased around 11.82 percent as compared [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":48867,"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":[31,13525],"tags":[],"class_list":["post-118512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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