Low cost carrier SPICE JET airlines have shown a net profit of more than 70 crores Rupees in first quarter of the year. Spicejet has shown a considerable record improvement since its take over by its founder Ajay singh from Sun group in february 2015. The scrip / share of Spicejet has also shown a good rise. It closed at Rupees 26.60 on BSE.
The key is increase in no. of Passengers due to reduced price.
It is to be noted it is same person Mr. Ajay Singh from BJP who gave the slogan “Abki Bar Modi Sarkar”