SPICEJET Share Price Down by 6%; BSE 500 Index Down 0.5%

December 21, 2020 09:32 AM

SPICEJET share price has plunged 6% and is presently trading at Rs 102.

Meanwhile, the BSE 500 Index is at 18,009 (down 0.5%).

Among the top losers in the BSE 500 Index today is SPICEJET (down 5.7%).

MAHARASHTRA SEAMLESS (up 8.0%) and GSK CONSUMER (up 5.1%) are among the top gainers today.

Over the last one year, SPICEJET has moved down from Rs 102 to Rs 102, registering a loss of Rs 0 (down 0.4%)..

The BSE 500 has moved up from 15,603 to 18,009, registering a gain of 2,406 points (up 15.4%) during the last 12 months.

The top buzzing stocks among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 642.7%), LAURUS LABS (up 420.1%) and DIXON TECHNOLOGIES (up 271.1%).

What About the Benchmark Indices?

The BSE Sensex is at 46,932 (down 0.4%). The top gainers among the BSE Sensex stocks today are L&T (up 1.4%). The most traded stocks in the BSE Sensex are RELIANCE IND. and L&T.

In the meantime, NSE Nifty is at 13,742 (down 0.4%). L&T (up 1.8%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 41,352 to 46,932, registering a gain of 5,580 points (up 13.10%).

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 6.1x.