Desi Wall Street
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

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