TheScreener - SpiceJet (500285) Increased risk weighs on SPICEJET, penalising its rating down to Slightly Negative

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TheScreener

EUR 13.68 For Business Accounts Only

Increased risk weighs on SPICEJET, penalising its rating down to Slightly Negative

The independent financial analyst theScreener just lowered the general evaluation of SPICEJET (IN), active in the Airlines industry. As regards its fundamental valuation, the title still shows 3 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date December 7, 2021, the closing price was INR 68.45 and its target price was estimated at INR 57.98.

08/12/2021 1 EN

Underlying

SpiceJet

Spicejet Ltd is an India-based company engaged in transportation of passengers by air. The Company is engaged in the business of scheduled air transport services. Its geographical segments include India and others. It provides air transport services for the carriage of passengers and cargo. The Company is a low cost carrier (LCC) operating under the brand name of Spice Jet in India. The Company operates a fleet of approximately 40 aircraft, including approximately seven aircraft taken on wet lease across various routes in India and abroad. The Company's spice add-on includes spice cash/spice club, SpiceMax, hot meals, SpiceCash Top-up, priority check-in, Spice talk, track Spicetalk request, bag out first, carry more onboard, fly for sure, Spice lounge, my flexi plan, reliance travel insurance, Spice assurance, Spice flex, friends and family, senior citizen discount, student discount, Indian armed forces personnel and red hot offers.

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INE285B01017 National Stock Exchange of India India

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TheScreener

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Increased risk weighs on SPICEJET, penalising its rating down to Slightly Negative

Empowering Investors

Spicejet Ltd: 1 director

Spicejet's Q2FY19 results (Outperformer) - Lower than expected yields; decline in crude prices to provide relief

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

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