SpiceJet shares wipe off early gains, close over 5 per cent down

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New Delhi | Updated: January 15, 2016 4:37:56 PM

SpiceJet shares gained as much as 3 per cent in the early trade on Friday after the airline announced that it will connect Dubai with Jaipur and Hyderabad with direct flights from next month.

spicejet shares, bse, sensexSpiceJet shares gained as much as 3 per cent in the early trade on Friday after the airline announced that it will connect Dubai with Jaipur and Hyderabad with direct flights from next month. (Photo: Reuters)

SpiceJet shares gained as much as 3 per cent in the early trade on Friday after the airline announced that it will connect Dubai with Jaipur and Hyderabad with direct flights from next month. The scrip settled 5.27 per cent down at Rs 73.75.

The promoters holding in the company stood at 60.32 per cent while institutions and non-institutions held 0.61 per cent and 39.08 per cent respectively.

The Budget carrier is offering an introductory one-way offer of Rs 6,499 (all-inclusive) between Jaipur and Dubai. The Hyderabad-Dubai fares start at Rs 7,999 (all-inclusive), while the Dubai-Hyderabad fares are available at Rs 7,199 (all-inclusive) on a first-come-first-served basis. The new services commence on February 16.

In the past one year, SpiceJet shares gained 330 per cent to Rs 77.85 till January 14, 2016. Sensex fell 9.41 per cent during the same period.

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