Tuesday, May 28, 2013

Spicejet under pressure post weak Q4 results

MUMBAI: Budget airline carrier Spicejet is witnessing profit booking after it disappointed analysts with fourth quarter results.
At 12:00 p.m.; the stock was at Rs 36.15, down 4.37 per cent, on the BSE. It touched a high of Rs 36.95 and a low of Rs 35.30 in trade today.
The company reported a net loss of Rs 186 crore for the quarter ended March 2013, against a loss of Rs 249 crore in the corresponding quarter, a year ago. Analysts were expecting the airline to break even and report a net profit for the quarter.

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