
Budget carrier SpiceJet Ltd on Monday announced that it will commence daily non-stop flights connecting Delhi and Phuket, starting May 31, 2024. This new service will complement the airline's existing operations to Bangkok from Kolkata and Delhi, SpiceJet said.
"The daily non-stop flights between Delhi and Phuket are conveniently timed to ensure a hassle-free travel experience. The departing flight from Delhi will take off at 9 am, arriving in Phuket at 3:15 pm. The return flight departs Phuket at 4:15 pm, arriving in Delhi at 7:20 pm," the airline stated.
"Bookings for this exciting new route are now open on SpiceJet's website and through all travel agents. SpiceJet is committed to offering its signature value-for-money fares, making your dream vacation to Phuket more accessible than ever," it further said.
Ajay Singh, Chairman and Managing Director at SpiceJet, said, "This new route strengthens our commitment to expanding our international network and offering our passengers a wider range of exciting destinations."
Meanwhile, SpiceJet shares rose 1.66 per cent to hit a day high of Rs 56.48 over its previous close of Rs 55.56.
The counter was trading lower than the 5-day, 10-, 20-, 30-, 50-, 100-day and 150--day simple moving averages (SMAs) but higher than the 200-day SMA. The stock's 14-day relative strength index (RSI) came at 36.78. A level below 30 is defined as oversold while a value above 70 is considered 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 BSE, around 5.58 lakh shares changed hands today at the time of writing this story. The figure was lower than the two-week average volume of 20.63 lakh shares. Turnover on the counter came at Rs 3.09 crore, commanding a market capitalisation (m-cap) of Rs 4,338.50 crore.
There were 4,96,797 sell orders against buy orders of 4,26,435 shares. As of March 2024, promoters held a 48.27 per cent stake in the airline.
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