SPICEJET Share Price Down by 5%; BSE 500 Index Down 1.4%
September 22, 2020 09:43 AM

SPICEJET share price has plunged 5% and is presently trading at Rs 50.

Meanwhile, the BSE 500 Index is at 14,842 (down 1.4%).

Among the top losers in the BSE 500 Index today are SPICEJET (down 4.9%) and DIXON TECHNOLOGIES (down 5.1%).

GSK CONSUMER (up 5.1%) and SYNDICATE BANK (up 3.8%) are among the top gainers today.

Over the last one year, SPICEJET has moved down from Rs 127 to Rs 50, registering a loss of Rs 77 (down 60.8%)..

The BSE 500 has moved up from 14,078 to 14,842, registering a gain of 764 points (up 5.4%) during the last 12 months.

The top buzzing stocks among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 1064.1%), LAURUS LABS LTD (up 283.1%) and DIXON TECHNOLOGIES (up 229.1%).

What About the Benchmark Indices?

The BSE Sensex is at 38,210 (down 0.6%). The top gainers among the BSE Sensex stocks today are HCL TECHNOLOGIES (up 1.5%), TECH MAHINDRA (up 1.2%) and TCS (up 1.0%). Other gainer include ICICI BANK (up 0.4%). The most traded stocks in the BSE Sensex are ICICI BANK and HCL TECHNOLOGIES.

In the meantime, NSE Nifty is at 11,302 (down 0.9%). HCL TECHNOLOGIES (up 1.2%) and TECH MAHINDRA (up 1.0%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,564 to 38,210, registering a gain of 1,646 points (up 3.38%).

SPICEJET Financial Update...

SPICEJET net profit down at Rs 8 billion for the quarter ended March 2020, compared to a loss of Rs 732 million a year ago. Net Sales declined 21.5% to Rs 28.6 billion during the period as against Rs 36.5 billion in January-March 2019.

For the year ended March 2019, SPICEJET reported 142.9% decrease in net profit to Rs 2.4 billion compared to net profit of Rs 5.6 billion during FY18.

Revenue of the company grew 17.5% to Rs 91 billion during FY19.

The current Price to earnings ratio of SPICEJET, based on rolling 12 month earnings, stands at down 3.0x.