Nov 21, 2012, 11.35 AM | Source: Moneycontrol.com
Shares of SpiceJet rose around 2.29% to Rs 35.75 on reports of a likely stake sale by the company.
However, S.L. Narayanan, the group CFO of Sun underplayed reports that a stake sale of SpiceJet is on cards. He told a television channel that Maran quit Kal Airways to only reduce the number of directorship he holds and potential sale talks are not even at an exploratory stage.
Kal Airways along with Marans hold over a 48 percent stake in SpiceJet
SpiceJet stock price
On May 24, 2016, SpiceJet closed at Rs 68.80, down Rs 3.9, or 5.36 percent. The 52-week high of the share was Rs 95.30 and the 52-week low was Rs 17.00.
The company's trailing 12-month (TTM) EPS was at Rs 6.79 per share as per the quarter ended March 2016. The stock's price-to-earnings (P/E) ratio was 10.13. The latest book value of the company is Rs -20.15 per share. At current value, the price-to-book value of the company is -3.41.
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