Shares of SpiceJet Ltd., a penny airline stock trading under Rs 50, came into focus on Friday after the company announced the launch of daily non-stop flights connecting Delhi and Kathmandu. The stock rose 1.55 per cent to close at Rs 46.50, up from its previous close of Rs 45.79. The airline’s 52-week high stands at Rs 79.90, while the 52-week low is Rs 39.91 per share.
The newly announced service is set to begin on May 10, 2025, and marks a key milestone for the airline as it continues to recover and expand its operations. This is the first new international route SpiceJet has introduced following a successful Qualified Institutional Placement (QIP), a move aimed at strengthening its financial position and supporting growth plans.
The Delhi-Kathmandu route will be operated using the airline’s Boeing 737 aircraft and will offer convenient morning departures from both cities. The direct connection is expected to boost tourism and business travel between India and Nepal, while also reinforcing SpiceJet’s presence in the regional aviation market.
SpiceJet already operates international flights to destinations such as Dubai and Bangkok, and this latest addition highlights the airline’s ongoing efforts to expand its network and tap into high-potential routes. The announcement comes at a time when investor interest in aviation stocks is growing, particularly as carriers look to capitalize on increasing demand for international travel.
The stock’s movement, coupled with the new route launch, has drawn attention from market watchers who see it as a sign of renewed momentum for the low-cost carrier.