Meanwhile, the BSE Sensex was down 171.16 points, or 1.05%, to 16,160.68.
On BSE, 20.41 lakh shares were traded in the counter as against an average daily volume of 44.69 lakh shares in the past one quarter.
The stock hit a high of Rs 57 and a low of Rs 54.25 so far during the day. The stock had hit a 52-week high of Rs 63.25 on 22 January 2010 and a 52-week low of Rs 12.10 on 6 March 2009.
The stock had outperformed the market over the past one month till 18 February 2010, gaining 3.67% compared with the Sensex's 7.44% fall. It outperformed the market in past one quarter, gaining 15.63% as against 3.95% decline in the Sensex.
The mid-cap low-cost carrier has an equity capital of Rs 241.79 crore. Face value per share is Rs 10.
The current price of Rs 56.60 discounts the company's Q3 December 2009 annualised EPS of Rs 18.07, by a PE multiple of 3.13.
According to reports, the promoter of Sun Network, South India's biggest broadcaster, is considering investing close to $100 million in the New Delhi-based airline. Edelweiss Capital is reported to be advising Maran on the deal which could involve both primary and secondary stake buy.
In the first week of February 2010, beleaguered Dubai government's private equity arm Istithmar sold off its 13.4% stake in SpiceJet.
SpiceJet is seeking to raise $75 million by selling new shares as it prepares to start international services. The carrier will become eligible to offer overseas flights in May this year as it completes five years of operations - a prerequisite for flying internationally according to Indian rules.
SpiceJet's reported a net profit of Rs 108.95 crore in Q3 December 2009 compared with a net loss of Rs 17.96 crore in Q3 December 2008. Sales rose 35.9% to Rs 642.09 crore in Q3 December 2009 over Q3 December 2008.
SpiceJet is a domestic low-budget air carrier, which provides scheduled flights between major cities in India.
Promoters have pledged 3.09 shares, or 12.85% of the equity capital of the company. The total promoter shareholding in the company is 12.89% (end December 2009).