SpiceJet share price: SpiceJet also announced that it would ask shareholders for permission to re-appoint Singh as the company’s managing director for a term of three years beginning on May 21, 2023, as well as to approve his Rs 60 lakh monthly salary and a 2.50 per cent profit-sharing share.
INTRODUCTION
- In strong trading volume, SpiceJet Ltd. shares climbed substantially on Wednesday, extending their gains for the third straight session.
- On the BSE, over 54.78 lakh shares were traded today, far exceeding the volume of 10.85 lakh shares traded throughout the previous two weeks.
- Today, there were 6,38,473 buy orders and 18,84,250 sell orders for the same number of shares.
In addition, SpiceJet announced that it would ask shareholders for their consent to re-appoint Singh as managing director of the business for a term of three years beginning on May 21, 2023, as well as to approve his request for a salary of Rs 60 lakh per month and a 2.50 percent profit-sharing share.
- The stock was last observed trading above the 5-day, 10-day, 20-day, 30-day, 50-day, and 100-day simple moving averages (SMAs), but below the 150-day and 200-day SMAs, according to the technical setup.
- In comparison to a negative price-to-book (P/B) value of 0.30, the company’s stock has a negative price-to-equity (P/E) ratio of 0.89.
According to Trendlyne statistics, the stock has an average target price of Rs 44, indicating a possible upside of 42%.
CONCLUSION
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