Amidst the ups and downs in the stock market trading on Tuesday, BSE Sensex was down by 407 points and was functioning at the level of 71,534 points, while Nifty was functioning at the level of 21639 points with a weakness of 98 points.

Even during the period of weakness in the stock market, on Tuesday, the shares of Low-Cost Airlines SpiceJet Limited registered a rise of 1.32 percent and price at Rs 65.14.

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Company Will Get 1,000 Crore Govt : SpiceJet Limited

SpiceJet Limited, with a market cap of about Rs 4,458 crore, is a leading company in India’s low-cost airlines business, whose shares have a 52-week high of Rs 69.20 while a 52-week low of Rs 22.65.

Shares of SpiceJet Limited have given returns of about 7 percent to investors in the last month while in the last 6 months, they have given returns of 121 percent.

Domestic and foreign investors are continuously increasing their stake in SpiceJet Limited.

The reason for the rise in the shares of India’s low-cost airline SpiceJet Limited on Tuesday is the rejection of an application from the National Company Law Tribunal.

NCLT has rejected the bankruptcy petition of Wilmington Trust SP Services, which gave the loan to SpiceJet.

In December last year, Lease Finance Corporation had also filed a petition against SpiceJet in NCLT, which was rejected.

Wilmington had filed a petition in NCLT regarding the loan amount received from SpiceJet, which was strongly defended by SpiceJet.

The airline said Wilmington is not the lender but is acting as a trustee for another lender.

This argument of SpiceJet was accepted in NCLT and Wilmington’s petition was rejected.

SpiceJet is going to get Rs 1,000 crore under the government’s Emergency Credit Line Guarantee Scheme. SpiceJet is going to get funding of Rs 900 crore in the coming few days.

India’s low-cost airline SpiceJet Limited has been facing a lot of problems in its functioning for some time.

A senior staff of SpiceJet has said that the company has received a bank balance of more than Rs 900 crore while the first installment of Rs 160 crore has also been received under the government’s Emergency Credit Line Guarantee Scheme.

Brokerage has set a target of Rs 112 for this share.

About Spicejet Ltd

SpiceJet Limited is engaged in the provision of air transportation services for the transportation of passengers as well as cargo.

The Air Transport services encompass among others, passenger transportation, &  ancillary cargo operations that result from the operation of passenger aircraft.

The company is also involved in cargo operations and operates on international and domestic routes.

It is powered by an integrated transportation infrastructure that includes air cargo & ground transportation and storage facilities throughout the country.

The company’s cargo network covers 53 international and domestic destinations. It owns its fleet of Boeing 737-700, 737-801s, and 737-900ERs.

It provides a variety of services, like foreign exchange services and travel assistance services.

Fundamental Analysis of Spicejet Ltd 

Spicejet Share Price Target 2024 To 2030

Spicejet Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

Last 5 Years’ Net Profit:

Last 5 Years’ Debt-To-Equity Ratio:

Last 10 Years’ Profit Growth:

Last 10 Years’ Sales Growth:

Conclusion

This article is a complete guide about Spicejet Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment.

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