Smallcap stock falls after FII sold 2.43% stake in the company via bulk deal

Synopsis:
Discovery Global sold 3.11 crore SpiceJet shares (2.43 percent) for Rs. 119 crore; Plutus Wealth bought 2.45 crore shares (1.91 percent) for Rs. 93.4 crore via BSE.

During Thursday’s trading session, shares of a company engaged in providing air transport services for the carriage of passengers and cargo are in focus on the stock exchanges, after a foreign institutional investor (FII) divested more than 2 percent stake worth Rs. 119 crores via a bulk deal on BSE.

At 11:50 a.m., the shares of SpiceJet Limited were trading in the red at Rs. 39.7 on BSE, down by around 1.5 percent, as against its previous closing price of Rs. 40.29, with a market cap of Rs. 5,089.5 crores. The stock has delivered negative returns of more than 31 percent in the last one year, and has fallen by nearly 5 percent in the last one month.

What’s the News

According to the latest bulk deal data, foreign investor Discovery Global Opportunity Mauritius Limited offloaded around 3.11 crore equity shares of SpiceJet Limited, representing a 2.43 percent stake via BSE. The transaction was valued at around Rs. 119 crores, with the shares bought at an average price of Rs. 38.14 per share.

On the buy side, Plutus Wealth Management LLP purchased around 2.45 crores shares in the company for Rs. 93.4 crores, equivalent to a 1.91 percent stake, at an average price of Rs. 38.12 per share.

Financials & more

SpiceJet reported a decline in its revenue from operations, showing a year-on-year decrease of around 16 percent from Rs. 1,738 crores in Q4 FY24 to Rs. 1,466 crores in Q4 FY25. In contrast, its net profit increased during the same period from Rs. 127 crores to Rs. 342 crores, representing an impressive growth of about 169 percent YoY.

SpiceJet Limited is principally engaged in the business of providing air transport services for the carriage of passengers and cargo. The Company is a low-cost carrier (LCC) operating under the brand name of ‘SpiceJet’ in India since May 2005.

Written by Shivani Singh

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