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SpiceJet was one of the hottest stocks on Monday's trading session. The shares of this private airline jumped by nearly 8 per cent on Sensex, after it recorded an intraday high of Rs 118.50 per piece. With SpiceJet’s uptick, big bull Rakesh Jhunjhunwala has definitely made some profits from the stock. SpiceJet is among Jhunjhunwala’s newest investments, and the airline has definitely not failed to reap fruit for the ace investor. Reason behind investors' buying sentiment on SpiceJet, was due to the new flights which will now be operated by the airline from the Mumbai airport. SpiceJet has informed stock exchanges that, it will connect Mumbai to a host of international destinations with direct non-stop flights. 
Non-stop flights will be to  Hong Kong, Jeddah, Dubai, Colombo, Dhaka, Riyadh, Bangkok and Kathmandu. The new international flights will commence from May-end. Mumbai is  a key destination on SpiceJet’s network and the airline aims to further scale up its international and domestic connectivity from the city. SpiceJet already connects Mumbai with a non-stop flight to Dubai and recently announced a new daily direct flight to Bangkok. The airline aims to enhance its operations between Mumbai and Dubai with two additional frequencies.
With this, SpiceJet becomes the  first and only Indian budget carrier to launch daily direct flights on the Mumbai-Colombo, Mumbai-Dhaka, Mumbai-Riyadh, Mumbai-Hong Kong and Mumbai-Kathmandu sectors. The airline will be deploying its Boeing 737 NG aircraft on the new routes.
However, at around 1139 hours, SpiceJet was trading at Rs 116.40 per piece up by Rs 6.50 or 5.91%. As on March 2019, Jhunjhunwala holds about 1.25% stake in SpiceJet with 7,500,000 equity shares which are worth Rs 87.8 crore. 
Jhunjhunwala started to invest in SpiceJet from September 2018 onward. The airline so far in 2019, has already given over 31% return to many investors. On January 01, 2019, the airline was trading near Rs 90-level. Guess what! SpiceJet will further be a stellar performer in aviation industry, hence, a wise bet for investment in equities. 
<blockquote data-lang="en">क्या किसानों को मिल पाएंगे वाजिब दलहन और तिलहन के भाव....देखिए खास पेशकश ''किसानों के लिए अच्छी खबर'' <a href="https://twitter.com/mrituenjayj?ref_src=twsrc%5Etfw">@mrituenjayj</a> के साथ <a href="https://t.co/DlBwesO2R9">https://t.co/DlBwesO2R9</a>
— Zee Business (@ZeeBusiness) <a href="https://twitter.com/ZeeBusiness/status/1117668617061974019?ref_src=twsrc%5Etfw">April 15, 2019</a></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The next big thing in SpiceJet is now its January - March 2019 quarter (Q4FY19) result, which will give further clarity on the shares movement. 
Gagan Dixit and Rachael Alva analysts at Elara Capital said, “We expect SpiceJet to report INR 287mn profit (excluding forex impact) in Q4FY19E vs profit of INR 551mn in Q3FY19 and INR 621mn in Q4FY18. Like Indigo, the company’s profit is estimated to decline YoY due to higher non-fuel cost, lease rentals and lower PLF, partially offset by benefits of higher yield and lower unit fuel cost. During January-February 2019, SpiceJet aggressively added ASKM capacity by 25% YoY with 29% fleet growth until March 2019 before grounding of its 13 Boeing-737-Max8 aircrafts in the second week of March. Subsequently, airline saw strong passenger volume growth of 15% YoY during Q4FY19.”
Watch Zee Business TV LIVE Streaming below:
<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="400" scrolling="no" src="https://www.zeebiz.com/live-tv/embed" width="100%"></iframe>
Compared to peers, the duo at Elara prefer SpiceJet as their top pick. They said, “We reiterate SpiceJet as our top pick in the aviation sector, due to little competition in regional routes and strong fleet order book. SpiceJet is better placed to hire outgoing Jet Airways pilots, as both carriers are flying similar Boeing-737 aircrafts in domestic routes.”
Hence, hold on tight with SpiceJet shares just like Jhunjhunwala, because it will make you richer ahead.

SpiceJet was one of the hottest stocks on Monday's trading session. The shares of this private airline jumped by nearly 8 per cent on Sensex, after it recorded an intraday high of Rs 118.50 per piece. With SpiceJet’s uptick, big bull Rakesh Jhunjhunwala has definitely made some profits from the stock. SpiceJet is among Jhunjhunwala’s newest investments, and the airline has definitely not failed to reap fruit for the ace investor. Reason behind investors' buying sentiment on SpiceJet, was due to the new flights which will now be operated by the airline from the Mumbai airport. SpiceJet has informed stock exchanges that, it will connect Mumbai to a host of international destinations with direct non-stop flights. Non-stop flights will be to  Hong Kong, Jeddah, Dubai, Colombo, Dhaka, Riyadh, Bangkok and Kathmandu. The new international flights will commence from May-end. Mumbai is  a key destination on SpiceJet’s network and the airline aims to further scale up its international and domestic connectivity from the city. SpiceJet already connects Mumbai with a non-stop flight to Dubai and recently announced a new daily direct flight to Bangkok. The airline aims to enhance its operations between Mumbai and Dubai with two additional frequencies.With this, SpiceJet becomes the  first and only Indian budget carrier to launch daily direct flights on the Mumbai-Colombo, Mumbai-Dhaka, Mumbai-Riyadh, Mumbai-Hong Kong and Mumbai-Kathmandu sectors. The airline will be deploying its Boeing 737 NG aircraft on the new routes.However, at around 1139 hours, SpiceJet was trading at Rs 116.40 per piece up by Rs 6.50 or 5.91%. As on March 2019, Jhunjhunwala holds about 1.25% stake in SpiceJet with 7,500,000 equity shares which are worth Rs 87.8 crore. Jhunjhunwala started to invest in SpiceJet from September 2018 onward. The airline so far in 2019, has already given over 31% return to many investors. On January 01, 2019, the airline was trading near Rs 90-level. Guess what! SpiceJet will further be a stellar performer in aviation industry, hence, a wise bet for investment in equities. क्या किसानों को मिल पाएंगे वाजिब दलहन और तिलहन के भाव....देखिए खास पेशकश ''किसानों के लिए अच्छी खबर'' @mrituenjayj के साथ https://t.co/DlBwesO2R9— Zee Business (@ZeeBusiness) April 15, 2019The next big thing in SpiceJet is now its January - March 2019 quarter (Q4FY19) result, which will give further clarity on the shares movement. Gagan Dixit and Rachael Alva analysts at Elara Capital said, “We expect SpiceJet to report INR 287mn profit (excluding forex impact) in Q4FY19E vs profit of INR 551mn in Q3FY19 and INR 621mn in Q4FY18. Like Indigo, the company’s profit is estimated to decline YoY due to higher non-fuel cost, lease rentals and lower PLF, partially offset by benefits of higher yield and lower unit fuel cost. During January-February 2019, SpiceJet aggressively added ASKM capacity by 25% YoY with 29% fleet growth until March 2019 before grounding of its 13 Boeing-737-Max8 aircrafts in the second week of March. Subsequently, airline saw strong passenger volume growth of 15% YoY during Q4FY19.”Watch Zee Business TV LIVE Streaming below:Compared to peers, the duo at Elara prefer SpiceJet as their top pick. They said, “We reiterate SpiceJet as our top pick in the aviation sector, due to little competition in regional routes and strong fleet order book. SpiceJet is better placed to hire outgoing Jet Airways pilots, as both carriers are flying similar Boeing-737 aircrafts in domestic routes.”Hence, hold on tight with SpiceJet shares just like Jhunjhunwala, because it will make you richer ahead.  

SpiceJet has informed stock exchanges that, it will connect Mumbai to a host of international destinations with direct non-stop flights. 

Rakesh Jhunjhunwala portfolio: Big Bull gains 8% from SpiceJet shares; Q4, new international flights make airline best bet

news-rakesh-jhunjhunwala-portfolio-big-bull-gains-8-from-spicejet-shares-q4-new-international-flights-make-airline-best-bet-94684

SpiceJet was one of the hottest stocks on Mondays trading session. The shares of this private airline jumped by nearly 8 per cent on Sensex, after it recorded an intraday high of Rs 118.50 per piece. With SpiceJet’s uptick, big bull Rakesh Jhunjhunwala has definitely made some profits from the stock. SpiceJet is among Jhunjhunwala’s newest investments, and the airline has definitely not failed to reap fruit for the ace investor. Reason behind investors buying sentiment on SpiceJet, was due to the new flights which will now be operated by the airline from the Mumbai airport. SpiceJet has informed stock exchanges that, it will connect Mumbai to a host of international destinations with direct non-stop flights.  Non-stop flights will be to  Hong Kong, Jeddah, Dubai, Colombo, Dhaka, Riyadh, Bangkok and Kathmandu. The new international flights will commence from May-end. Mumbai is  a key destination on SpiceJet’s network and the airline aims to further scale up its international and domestic connectivity from the city. SpiceJet already connects Mumbai with a non-stop flight to Dubai and recently announced a new daily direct flight to Bangkok. The airline aims to enhance its operations between Mumbai and Dubai with two additional frequencies. With this, SpiceJet becomes the  first and only Indian budget carrier to launch daily direct flights on the Mumbai-Colombo, Mumbai-Dhaka, Mumbai-Riyadh, Mumbai-Hong Kong and Mumbai-Kathmandu sectors. The airline will be deploying its Boeing 737 NG aircraft on the new routes. However, at around 1139 hours, SpiceJet was trading at Rs 116.40 per piece up by Rs 6.50 or 5.91%. As on March 2019, Jhunjhunwala holds about 1.25% stake in SpiceJet with 7,500,000 equity shares which are worth Rs 87.8 crore.  Jhunjhunwala started to invest in SpiceJet from September 2018 onward. The airline so far in 2019, has already given over 31% return to many investors. On January 01, 2019, the airline was trading near Rs 90-level. Guess what! SpiceJet will further be a stellar performer in aviation industry, hence, a wise bet for investment in equities.  क्या किसानों को मिल पाएंगे वाजिब दलहन और तिलहन के भाव....देखिए खास पेशकश किसानों के लिए अच्छी खबर @mrituenjayj के साथ https://t.co/DlBwesO2R9 — Zee Business (@ZeeBusiness) April 15, 2019 The next big thing in SpiceJet is now its January - March 2019 quarter (Q4FY19) result, which will give further clarity on the shares movement.  Gagan Dixit and Rachael Alva analysts at Elara Capital said, “We expect SpiceJet to report INR 287mn profit (excluding forex impact) in Q4FY19E vs profit of INR 551mn in Q3FY19 and INR 621mn in Q4FY18. Like Indigo, the company’s profit is estimated to decline YoY due to higher non-fuel cost, lease rentals and lower PLF, partially offset by benefits of higher yield and lower unit fuel cost. During January-February 2019, SpiceJet aggressively added ASKM capacity by 25% YoY with 29% fleet growth until March 2019 before grounding of its 13 Boeing-737-Max8 aircrafts in the second week of March. Subsequently, airline saw strong passenger volume growth of 15% YoY during Q4FY19.” Watch Zee Business TV LIVE Streaming below: Compared to peers, the duo at Elara prefer SpiceJet as their top pick. They said, “We reiterate SpiceJet as our top pick in the aviation sector, due to little competition in regional routes and strong fleet order book. SpiceJet is better placed to hire outgoing Jet Airways pilots, as both carriers are flying similar Boeing-737 aircrafts in domestic routes.” Hence, hold on tight with SpiceJet shares just like Jhunjhunwala, because it will make you richer ahead.   