SpiceJet Stock Surges 6% After Plutus Wealth’s Massive Share Purchase

Written By: Mobin

SpiceJet shares gained 6.4% on the BSE, taking the stock to an intraday high of ₹48.9.

Surge

Plutus Wealth Management LLP bought 9 million shares of SpiceJet at ₹46 per share. SpiceJet shares are expected to rise further.

Buying

Plutus Wealth holds 1.29% stake in SpiceJet. It has been buying shares for the last few months, leading to a surge in the shares.

Holding

Talking about profit, SpiceJet earned a net profit of ₹20.2 crore in Q3FY25, while there was a loss of ₹299 crore in the same period last year.

Profit

The airline's fuel expenses fell by 46.9% to ₹415.2 crore in Q3, which is moving it towards further profit.

Fuel Expenses

Talking about market cap, SpiceJet's market capitalization is ₹6,241.81 crore, which puts it in an even stronger position.

Market Cap

In the bulk deal, Plutus Wealth bought 7.5 million shares in October 2024 and 8.5 million shares in September 2024.

Bulk Deal

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