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Synopsis : SpiceJet introduces daily Delhi-Phuket flights, enhancing its Bangkok service. Shares rise by 1.66%. Mixed trading signals observed.
"The daily non-stop flights between Delhi and Phuket have been scheduled for a convenient travel experience," stated the airline. Departure from Delhi is set for 9 am, with arrival in Phuket at 3:15 pm. The return flight departs Phuket at 4:15 pm and lands in Delhi at 7:20 pm.
Bookings for this new route are now open on SpiceJet's website and through all travel agents. The airline emphasizes its commitment to offering value-for-money fares, making vacations to Phuket more accessible.
Ajay Singh, Chairman and Managing Director at SpiceJet, commented, "This new route reinforces our dedication to expanding our international network and providing passengers with a broader range of exciting destinations."
Meanwhile, SpiceJet shares experienced a 1.66% increase, reaching a day high of Rs 56.48 from its previous close of Rs 55.56.
Trading details indicate that the stock was trading below various simple moving averages but above the 200-day SMA. The stock's 14-day relative strength index (RSI) stood at 36.78, suggesting it's neither oversold nor overbought. The company's stock has a negative price-to-equity (P/E) ratio of 36.68 against a negative price-to-book (P/B) value of 1.25.
On the BSE, approximately 5.58 lakh shares changed hands at the time of writing this story, lower than the two-week average volume of 20.63 lakh shares. Turnover on the counter amounted to Rs 3.09 crore, with a market capitalization (m-cap) of Rs 4,338.50 crore.
Sell orders numbered 4,96,797 against buy orders of 4,26,435 shares. As of March 2024, promoters held a 48.27% stake in the airline.
Disclaimer: We provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Related Questions
1. What new route has SpiceJet announced?
SpiceJet has announced the introduction of daily non-stop flights between Delhi and Phuket, starting May 31, 2024.
2. When will the daily non-stop flights between Delhi and Phuket commence?
The daily non-stop flights between Delhi and Phuket will commence on May 31, 2024.
3. How can passengers book tickets for the new route?
Bookings for the new route are now open on SpiceJet's website and through all travel agents.
4. Who is the Chairman and Managing Director of SpiceJet?
Ajay Singh is the Chairman and Managing Director of SpiceJet.
5. What was the percentage increase in SpiceJet shares?
SpiceJet shares experienced a 1.66% increase.
