It appears that Spice Jet is going Kingfisher way and DGCA has allowed it to book its itineracy only for next 30 days and it has also cancelled 186 slots of the airline and asked it to pay salary dues of employees within 10 days.
As an advice keep away from this stock and neither book your ticket on this airline as the company has incurred a net loss of Rs. 31044.6 lakhs during the quarter ended September 30, 2014, and as of that date, the Company’s total liabilities exceed its total assets by Rs. 145,973.0 lakhs.
These conditions indicated the existence of a material uncertainty that may cast significant doubt about the Company’s ability to continue as a going concern. Just to remind readers that SpiceJet is an Indian low-cost airline owned by the Sun Group of India. It is the country's second largest airline by domestic passenger share.
It is not worth going with a sunken ship though we will say that DGCA gave undue privilege to Kingfisher and they have come down nastily on Spice Jet.
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As an advice keep away from this stock and neither book your ticket on this airline as the company has incurred a net loss of Rs. 31044.6 lakhs during the quarter ended September 30, 2014, and as of that date, the Company’s total liabilities exceed its total assets by Rs. 145,973.0 lakhs.
It is not worth going with a sunken ship though we will say that DGCA gave undue privilege to Kingfisher and they have come down nastily on Spice Jet.
Wanna make money in intraday; then you can not afford to miss the Jackpot tip which gets you profit by 11:30 AM.
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