SpiceJet retains lead over Jet as 2nd most valued aviation company

New Delhi: Budget airline SpiceJet, which has surpassed Jet Airways to become the county's second most valued aviation company, continued to retain the position today.

With a market capitalisation (m-cap) of Rs 5,709.76 crore, SpiceJet, which was on the verge of going belly-up two years ago, for the second day stayed ahead of Jet that had valuation of Rs 5,606.03 crore in the afternoon trade on BSE.

 

Shares of SpiceJet were trading 2.03 per cent higher, while those of Jet were up 2.53 per cent. SpiceJet's m-cap yesterday move up to Rs 5,598 crore, which was Rs 134 crore more than Jet's Rs 5,464 crore valuation. InterGlobe Aviation, which operates Indigo, is the country's most valued aviation company with a wide margin at a market cap of Rs 36,652.89 crore.

SpiceJet's share price has risen over 63 per cent so far this year, while that of Jet was up 38.47 per cent. SpiceJet had reported 24 per cent fall in net profit to Rs 181.1 crore in three months ended December 2016.

It operates 343 daily flights to 45 destinations – 39 domestic and six international - using a fleet of 32 Boeing 737NGs and 17 Bombardier Q-400s. Jet Airways had reported a nearly 70 per cent plunge in net profit at Rs 142.38 crore in the three months ended December 2016.

Shoot

Trending News

Xiaomi pumps Rs 3,500 crore into India business

BlackBuck's out to raise $150M in new round, valuation likely to jump to $800 M

With $21 Billion, Azim Premji among world’s top philanthropists

Google agreed on a $45M exit package for India-origin exec accused of sex abuse

HSBC pegs Zomato's valuation at $3.6 billion ahead of Swiggy

PayU in talks to acquire online payments firm Wibmo for $60M

Quikr close to acquiring refurbished goods marketplace Zefo in all-stock deal

What life looks like after a layoff from an IT company

General Atlantic & Tencent pump in another Rs 80 Cr in ed-tech unicorn Byju's

US Senator Warren vows to break up Amazon, Facebook, Google

SoftBank extends tech reach with $5B Latin American fund

Coverfox hits the market to raise $50M in new financing round

Cognizant faces US lawsuit alleging discrimination

China's Huawei sues US over federal ban on using its products

Germany's Delivery Hero acquires Zomato's UAE biz, invests in India ops

Ahead of deadline, debate rages on e-commerce policy

Flipkart rejigs reporting of Myntra-Jabong head Amar Nagaram

Grofers raises fresh funds from existing investors, valuation hits $425M

Sachin Bansal invests Rs 250 Cr each in NBFCs Altico & IndoStar: Report

I-bank Wolet files $800k suit over Flipkart’s Upstream buy

Flipkart FY18 revenue up 50%, but losses grow 5x

Pine Labs in talks to acquire Amazon-backed Qwikcilver for $100M

India can become 2nd largest 5G market in 10 years: Huawei

Alibaba rival Pinduoduo seeks to raise $1.5B

Twitter Q4 revenue grows to $909M as video ad sales surge

Mukesh Ambani to invest $1.4B in West Bengal, will help e-commerce expansion

Etail may lose Rs 40,000 crore, retail to get a 3rd of it

Steadview Capital invests $74M in Ola valuing it at around $6B

Byju’s ups revenue to Rs 490 cr in FY 18, losses drop by half

Agritech startups Sabziwala and LivLush merge their business under new entity Kamatan

Avail Finance lands $17.2M from Matrix Partners & Ola, Freecharge and Flipkart founders

RBI suggests tax sops, self-regulation to build fintech space

Swiggy hires new CEO for its Access Service, gets new CFO

Logistics company Delhivery registers 44% increase in FY17 revenues

WeWork to acquire one of the oldest social networks, Meetup

Qualcomm rejects Broadcom's $103 billion offer

EasyRewardz gets $2 million Series-A funding

'Anemic' iPhone 8 demand drags Apple shares lower

Lending platform Lenden Club gets Rs 3.5cr in Equity Investment

On festive sales, Flipkart says 65% clients from Tier-II cities