With 20% surge in Spicejet shares today, InvestingPro+ Fair Value is met

  • Investing.com
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With 20% surge in Spicejet shares today, InvestingPro+ Fair Value is met
Credit: © Reuters.

Spicejet Ltd (BO: SPJT ) shares were locked in an upper circuit of 20% on Thursday on the announcement that the airline will raise fresh capital. The stock now trades at Rs 52.29, while InvestingPro+ had set the Fair Value at Rs 48.37. This means that InvestingPro+ Fair Value is met now, and there might be any more upside left in the stock now.

Let's analyze some of the positive and negative ProTips given by InvestingPro+ on Spicejet:

  1. Net income is expected to grow this year
  2. Operates with a poor return on assets
  3. Suffers from weak gross profit margins
  4. Short term obligations exceed liquid assets
  5. Strong return over the last month
  6. Does not pay a dividend to shareholders

spicejet

CYBER MONDAY EXTENDED SALE: You can avail of InvestingPro+ at a massive 60% discount, and by using the coupon code PROIN628 you can get an extra 10% discount over and above the ongoing promotional price for the Bi-yearly plan only. Click here and don't forget to use the coupon code

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