Desi Wall Street
January 30, 2025 at 03:44 PM
*SPICEJET - Best Case of Bottom Fishing*
Down from recent highs of 80
▪️Re-Inducts First Grounded Boeing 737 MAX aircraft
▪️Co will operate to high-demand markets such as Jeddah and Riyadh
▪️10 aircrafts added in last 4 months
▪️10 more aircrafts (4 Boeing 737 MAX) to be back into service by mid-April 2025
*Recent Developments*
▪️60 new flights introduced in the last 3 months
▪️Rating upgrade by CareEdge to BB- Stable
▪️DGCA has lifted advanced surveillance regime
▪️3000 Cr fund raise via QIP @ 61.6 per share
▪️Genesis takes stake worth $4 Mn at 100 per share
▪️Highest domestic PLF in industry
▪️Multiple disputes and liabilities cleared
*BALANCE SHEET GETTING CLEANER & STRONGER*
https://x.com/desiwallstreet/status/1884990897081008188?t=kXOFDF8zxYkT0wSp37Phlw&s=19