I hold sipcejet at an average of 37. Its widening the losses. I was thinking that with the recent expansions and due to the problems in Kingfisher and Air India, Spice will run with full load and turn into profit. What is your call on Spicejet? ask by rajeej daniel ji
1.Spicie jet ltd is a 10 rupee face value airline company and book value of spice jet is 8.15 only so i think when CMP is already four time to his book value than rally of this stock is near to over.
2. I do not think that due to the problems in Kingfisher and Air India, Spice will run with full load and turn into profit because loss in march 12 is -249.18 cr and i first time see this type of high valuation to a loss making company.
3. year high of spice jet ltd is 39.65 and year low 15.35 this pattern show that you may be get your buying price again in currant news base rally in spice jet but i think it is wise to exit in any rally.
4. promoter holding is 43.59 % in spice jet and it is good that promoter increase there holding from 38.60 %
5. so symptoms of spice jet is not very bad but stock already run well and company is still in loss so my view is EXIT from spice jet.
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