SpiceJet Ltd, one of India’s leading low-cost airlines, has been making waves in the aviation industry with its rapid growth and ambitious plans. Investors and market enthusiasts are eagerly analyzing the company’s share price performance and wondering if SpiceJet Ltd can reach the significant milestone of 1000 INR in the coming years. This article aims to delve into the future prospects of SpiceJet Ltd, examining the share price targets from 2023 to 2030 and evaluating the factors that could potentially influence its trajectory
SPICEJET LTD IN RECENT NEWS
- According to data from the Directorate General of Civil Aviation, during the month of May, only 61% of SpiceJet’s flights were on schedule from the country’s largest airports, that is Mumbai, Delhi, Bengaluru, and Hyderabad. This marks a decline from the previous month’s already lower figure of nearly 70%, indicating a decrease in punctuality as the busy summer travel season approaches.
- SpiceJet Ltd witnessed a nearly five-fold increase in its third-quarter earnings as the struggling budget airline capitalized on the surging demand for air travel. The company announced a profit of ₹110 crore for the period between 1st October and 31st December, marking a significant rise from ₹42.46 crore reported during the same period the previous year.During the assessed period, the airline observed a 2 percent increase in its operational revenue, reaching ₹2,317 crore, compared to ₹2,267 crore in the corresponding period of the previous year.
HOW TO BUY SPICEJET LTD SHARES IN INDIA?
- ICICI Securities Ltd
- Kotak Securities Ltd
- HDFC Securities Ltd
- Axis Securities Ltd
- Sharekhan Ltd
- Angel Broking
SPICEJET LTD SHARE PRICE TARGET 2023 TO 2025
Let’s examine the statistics regarding the projected share price target for the period between 2023 and 2025, after conducting a thorough review of the company.
SPICEJET LTD SHARE PRICE TARGET FOR 2023
|When||Maximum Price||Minimum Price|
SpiceJet Ltd, India’s favorite domestic airline, is projected to experience a gradual increase in its share price throughout 2023. The maximum price recorded in July stands at ₹29.50, and by December, it is expected to reach ₹31.40. This upward trend reflects growing confidence in the company’s performance and its ability to meet the demands of the Indian aviation market. Despite minor fluctuations, the minimum price remains relatively stable, ranging between ₹26.82 and ₹28.54 during the year. Overall, these figures suggest a positive outlook for SpiceJet Ltd’s share price target in 2023.
SPICEJET LTD SHARE PRICE TARGET FOR 2024
|When||Maximum Price||Minimum Price|
SpiceJet Ltd, known as one of India’s cheapest airlines, is anticipated to witness fluctuations in its share price throughout 2024. Starting the year with a maximum price of ₹33.05 in January, the share price gradually climbs to reach ₹40.81 by December. However, there are notable dips and recoveries along the way, such as the drop in May to ₹27.49, followed by a recovery in June. Despite these fluctuations, the overall trend showcases an upward trajectory, indicating positive prospects for SpiceJet Ltd’s share price target in 2024. Investors can expect both opportunities for growth and potential volatility in the market.
SPICEJET LTD SHARE PRICE TARGET FOR 2025
Share Price Target 2025
|Maximum Price||Minimum Price|
The share price target for SpiceJet Ltd in 2025 shows a fluctuation throughout the year. The maximum price recorded in December 2025 is ₹49.50, while the minimum price is ₹28.72 in May 2025. These figures indicate that the share price of SpiceJet Ltd is subject to volatility and may experience both ups and downs over the course of the year. Investors should carefully monitor market conditions and company performance to make informed decisions regarding their investments in SpiceJet Ltd.
SPICEJET LTD SHARE PRICE TARGET FOR 2026 TO 2030
|Year||Maximum Price||Minimum Price|
SpiceJet Ltd, the second-largest airline in India by the number of domestic passengers, shows an upward trend in its share price targets from 2026 to 2030. In 2026, the maximum price reaches ₹56.92, showcasing potential growth opportunities for investors. The minimum price in 2026 stands at ₹39.85, indicating a relatively stable floor. As we move forward, the share prices continue to rise with fluctuations in the market. By 2029, the maximum price reaches an impressive ₹191.61, highlighting the potential for substantial returns. In 2030, the upward trajectory continues, with the maximum price reaching ₹199.23. These projections suggest a positive outlook for SpiceJet Ltd, indicating potential growth opportunities for investors in the coming years.
SPICEJET LTD FINANCIAL CONDITION (LAST 5 YEARS)
|Profit before tax||-316||-935||-998||-1,725||-1,978|
|EPS in Rs||-5.27||-15.58||-16.61||-28.67||-32.8|
SpiceJet Ltd, over the past five years, has witnessed fluctuations in its financial condition. While the company experienced a moderate growth in sales from 2019 to 2020, reaching its peak at 12,359, sales declined in 2021 but have shown signs of recovery in 2022 and 2023 with 6,557 and 8,590 respectively. Despite facing challenges, SpiceJet managed to maintain a positive operating profit in 2020 and 2021, although it turned negative in the subsequent years. The net profit also remained in the negative territory, indicating financial difficulties for the company. It is noteworthy that the tax percentage has remained at 0% throughout these years. Overall, SpiceJet’s financial condition reflects a volatile period with various ups and downs, emphasizing the need for strategic measures to stabilize and improve its performance.
In 2023, the share price target of Spicejet Ltd ranges from ₹28.54 to ₹31.40 based on the provided data. These figures represent the minimum and maximum prices during that year, indicating the potential range of the company’s stock value. Investors should consider various factors and consult with financial advisors before making any investment decisions.
In 2030, the maximum share price target of Spicejet Ltd is ₹199.23, and the minimum share price target is ₹139.46.
The share price target of Spicejet Ltd in 2025, based on the provided data, ranges from ₹32.02 to ₹49.50.
Will Spicejet Ltd stock grow in 2023?
the stock price of Spicejet Ltd shows an overall upward trend in 2023. The maximum price increases from ₹29.50 in July to ₹31.40 in December, while the minimum price also shows a consistent increase from ₹26.82 in July to ₹28.54 in December. This indicates potential growth in the stock price of Spicejet Ltd during the year 2023. However, it’s important to consider that stock prices can be influenced by various factors, and market conditions can change. It’s recommended to conduct further analysis and consult with a financial advisor for a comprehensive evaluation of the stock’s growth potential.
Can Spicejet Ltd reach 1000 INR?
There is no indication that Spicejet Ltd stock price will reach ₹1000 in the given timeframe. The highest projected stock price in the provided data is ₹199.23 in 2030.
Based on the provided data, we can observe the historical share price trends for Spicejet Ltd from 2023 to 2030. The share prices fluctuate throughout the years, with both maximum and minimum prices varying. In the given data, the share price starts at around ₹29.50 in July 2023 and gradually increases, reaching ₹49.50 by December 2025.
Looking ahead, the share price continues to show an upward trend, with a maximum price of ₹199.23 and a minimum price of ₹139.46 in 2030. However, it is important to note that the data provided only extends until 2030, and future trends may be influenced by various factors that are difficult to predict accurately.
Based on the available data, it is difficult to conclude whether Spicejet Ltd can reach ₹1000. The data does not indicate a direct path towards that price point, and it would require significant growth over the years to reach such a high value. It’s also important to consider that the share price is influenced by various factors such as market conditions, industry competition, company performance, and external events. Therefore, further analysis and evaluation of the company’s financials, growth prospects, and market conditions would be necessary to make a more accurate prediction regarding Spicejet Ltd’s share price potential in the future.