SpiceJet fell 1.81% to Rs 35.35 at 14:00 IST on BSE, with the stock sliding on profit booking after 3-day 13.74% rally.
Meanwhile, the BSE Sensex was up 81.70 points or 0.46% to 17,683.48.
On BSE, 39.49 lakh shares were traded in the counter as against average daily volume of 45.40 lakh shares in the past one quarter.
The stock hit a high of Rs 35.80 and a low of Rs 34.55 so far during the day. The stock had hit a 52-week high of Rs 36.65 on Tuesday, 7 August 2012. The stock had hit a 52-week low of Rs 15.35 on 22 December 2011.
The stock had outperformed the market over the past one month till 7 August 2012, rising 3.9% compared with the Sensex's 0.46% rise. The scrip had also outperformed the market in past one quarter, jumping 15.38% as against Sensex's 4.07% rise.
The small-cap low cost air carrier has equity capital of Rs 484.35 crore. Face value per share is Rs 10.
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Shares of SpiceJet jumped 13.74% in three trading sessions to settle at Rs 36 on Tuesday, 7 August 2012, from a recent low of Rs 31.65 on 2 August 2012.
SpiceJet reported net profit of Rs 56.15 crore for Q1 June 2012, compared with net loss of Rs 71.96 crore in Q1 June 2011. Net sales jumped 51.1% to Rs 1406.74 crore in Q1 June 2012 over Q1 June 2011.
SpiceJet said it has returned to profitability in Q1 June 2012 after five successive quarters of losses. The company's market share rose to 18.6% by 30 June 2012, from 17.1% in March 2012. The average revenue per passenger rose 24% in Q1 June 2012 over Q1 June 2011. Load factor was at 80.3% in Q1 June 2012, up from 78.9% in Q1 June 2011. SpiceJet said that though the load factors and yields have been holding firm, the high cost of operations influenced by a weak rupee prevented the company from posting even better results.
SpiceJet operates more than 284 daily flights to 34 Indian cities and 3 international destinations
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