Spicejet surges 5% after fuel price cut

ATF or jet fuel price was slashed by nearly 12%.

Spicejet Ltd stock was higher by 5% at Rs. 91 after jet fuel price was slashed by nearly 12%.

The scrip opened at Rs. 92.65 and has touched a high and low of Rs. 94.2 and Rs. 91.6 respectively. So far 3362017(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 5233.2 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 95.3 on 28-Jan-2016 and a 52 week low of Rs. 16.7 on 27-Apr-2015. Last one week high and low of the scrip stood at Rs. 95.3 and Rs. 75 respectively.

The promoters holding in the company stood at 60.32 % while Institutions and Non-Institutions held 1.4 % and 38.28 % respectively.

The stock is currently trading below its 50 DMA.