15% @ 90 Days Stock - Spicejet Ltd

1. BUY TO SELL STOCKS FOR SHORT TERM GAINS
28TH MAY 2017
SPICEJET LTD BUY POTENTIAL UPSIDE: 17.4%
CURRENT MARKET PRICE: 102.25 TARGET PRICE: 120.00
BSE Code 500285 Market Cap (Crores) 6129.38
Book Value -13.72 P/E 13.26
Face Value 10 EPS 7.71
STOCK RECOMMENDATION

2. 15% @ 90 DAYS – MAY 2017
- 2 - SARAL GYAN CAPITAL SERVICES
Comparative Chart (Last 1 Year)
Returns: SpiceJet & Sensex:
Sensex: 16.4% SpiceJet: 49.8%
Stock Resistance and Support:
1st Resistance – 108 1st Support – 97
2nd Resistance – 115 2nd Support – 90

3. 15% @ 90 DAYS – MAY 2017
- 3 - SARAL GYAN CAPITAL SERVICES
Financials at a Glance:
Quarterly Results of SpiceJet Ltd (Rs. In Crores)
Particulars Dec 2016 Sep 2016 Jun 2016 Mar 2016
Audited / UnAudited UnAudited UnAudited UnAudited UnAudited
Net Sales 1,602.66 1,378.47 1,506.36 1,448.67
Other Operating Income 39.75 21.93 15.17 26.32
Total Income From Operations 1,642.41 1,400.40 1,521.53 1,474.99
Consumption of Raw Materials -- -- -- --
Purchase of Traded Goods -- -- -- --
Increase/Decrease in Stocks -- -- -- --
Power & Fuel -- 429.96 399.68 328.66
Employees Cost 182.75 153.06 147.5 133.45
Depreciation 52.36 48.46 44.88 42.65
Admin. And Selling Expenses -- -- -- --
R & D Expenses -- -- -- --
Provisions And Contingencies -- -- -- --
Other Expenses 1,284.92 705.77 781.99 922.27
Other Income 28.01 15.44 22.43 42.56
P/L Before Int., Excpt. Items & Tax 150.4 78.58 169.91 90.53
Interest 7.81 19.67 20.88 46.34
P/L Before Excpt. Items & Tax 142.59 58.92 149.03 44.18
Exceptional Items 38.55 -- -- 63.69
P/L Before Tax 181.14 58.92 149.03 107.88
Tax -- -- -- --
Prior Year Adjustments -- -- -- --
Extra Ordinary Items -- -- -- --
Net Profit/(Loss) 181.14 58.92 149.03 107.88
Equity Share Capital 599.45 599.45 599.45 599.45
EPS 3.02 0.98 2.49 1.8
No Of Shares with Public 237839559 237889559 237889559 237889559
Public Share Holding (%) 39.68 39.68 39.68 39.68

4. 15% @ 90 DAYS – MAY 2017
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Basis of Recommendation:
i) Technical Analysis
Disclaimer:
Important Notice: Saral Gyan Capital Services is an Independent Equity Research Company.
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