Shares of the airline provider Spicejet will be in focus in Monday’s session (March 17, 2025) after the corporate’s promoter Ajay Singh offloaded a stake in the smallcap inventory price Rs 49.8 crore.
Ajay Singh, Chairman and Managing Director pared stake in the provider via block deals in the earlier session, in accordance to official information obtainable on the Bombay Inventory Trade.
As per the info obtainable, Singh bought 1.1 crore fairness shares in the corporate -equating to 0.8 per cent stake at Rs 45.34 per share.
After the stake sale, his shareholding in the corporate has now come down to 22.9 per cent as of December quarter to now 22.1 per cent.
Within the earlier session, the inventory ended sharply decrease by over 6 per cent at Rs 45.48 per share on the BSE.
The inventory since its all-time excessive touched final 12 months of Rs 156.9 per share has declined by as a lot as 71 per cent. Within the final one month, the inventory traded in the vary of Rs 42- 50 per share.
Spicejet Q3FY25 outcomes
Within the quarter ended December 2024, the corporate reported web revenue of Rs 20.44 crore as in opposition to web lack of Rs 298.63 crore throughout the earlier quarter ended December 2023. Gross sales declined 36.30 per cent to Rs 1178.76 crore in the quarter ended December 2024 as in opposition to Rs 1850.48 crore throughout the earlier quarter ended December 2023.
Spicejet share worth efficiency
Within the final one 12 months, the inventory has tanked 10 per cent, whereas its year-to-date return is at unfavorable 18 per cent.
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