SpiceJet's stock up 35% in a month

[ET Bureau | Mumbai ]:- 

                                                           SpiceJet shares have risen 35% since October 5 due to the reduction in crude oil prices and decent sentiment on the aviation industry. From that day onwards, the Tata Group started its DU Dealgence tobuyJet Airways.

SpiceJet's stock closed at Rs 82.60, up 5.6% on Wednesday. According to Bloomberg's Consensus Estimate, the company has a scope of increasing its share price and 26%. Despite the company's poor performance in the September quarter, market analysts are bullish on SpiceJet. They say that the company is increasing the number of aircraft in the second half of the fiscal year 2019, which will further accelerate its growth.

 Jalal Irani, the analyst at Edelweiss Securities, said, "We are bullish in terms of long-term on SpiceJet. The company is trying to improve the operating efficiency and increase growth. He said that the company's yield is almost equal to Indigo. Irani said SpiceJet earns 10% extra from every seat. SpiceJet's share price declined by 25 percent due to higher oil prices in August and September. However, he is the most eccentric operator in Indian aviation companies. 

Financial restructuring of SpiceJet has also happened. Now the company is using 36 Leased B737-800 aircraft to provide air services in India and its market share is 13%. At the same time, the shares of the company are trading at 14 times the estimated EPS of the financial year 2020.

 Gagan Dikshit, analyst, brokerage firm Elara Capital said, "We have given a buy rating by SpiceJet due to improvement in fuel efficiency. The company is expanding its fleet. He can use the Boeing 737-8 Max aircraft for the short and long hall service on the international route. This will increase the company's growth. '

SpiceJet had an operating profit of 130 crores in the September quarter. It was lower than the estimates of market analysts. This was due to the decline in the yield and cost of the company's yield. In the month of September, the company's yield declined by 4% annually, while the Indigo yield had come down by 9%. Ashutosh Somani, the analyst at Brokerage House JM Financial, said, "We believe that in the second half of the financial year 2019, the company will add 18B737 Max and 8 Bombardier Q400 aircraft to its fleet."
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