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.


Trending News

Nusli skips Tata Steel EGM, result awaited

Ratan Tata saving British Steel at the cost of Tata Steel India: Nusli

Blackberry Partners with Optiemus

OPEC and non-OPEC producers achieve 86 per cent conformity to output cut

Reliance eyes defense.

RIL stock maximizes 5%, market valuation ranks top Rs 4 lakh crore

How Fintech and Payments Innovations Will Disrupt Global Ecommerce

The New Nokia 3310 Gets A Camera, Expandable Storage, And A Design Makeover

Everyone Can Adopt This Founder's One-Step Productivity Advice

Reliance Jio plans to overtake Airtel, hit 50% revenue market share in 4 years

Samsung unveils Nougat for S6, and S6 Edge

Sensex up 146 Points on exit polls forecast

What the CIA WikiLeaks dump tells us: Encryption works

Idea Cellular to offer free incoming calls on domestic roaming

BJP at Centre and in states will spur growth reforms: India Inc

Forex reserves up $1.218 billion to $364 billion

Following emergent win in UP, Centre May take may take tough reform decisions.

The Top Five Challenges Of Doing Business In Dubai

My 8 Favorite Tools for Driving Business Growth

Nike's hijab line for Muslim female athletes, and Sydney boys on the importance of feminism

Uber wins driver-status case in France on legal technicality

Adani Hopes to Start Australian Coal Mine Project in August

Tesla’s $1 Billion Cash Raise May Fall Short

Race to Build Offshore Wind Farms That Float on Sea Gathers Pace

7 Things Every Entrepreneur Should Do Before 7 a.m.

Can Main Street Businesses Thrive in the Trump Era?

Russia, Saudis Move at a Different Pace as Oil Cuts Scrutinized

China Southern Said in Talks to Sell Stake to American Air