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Ajay Singh, one of the promoters and MD of SpiceJet, on Thursday divested nearly 1 per cent stake in the budget airline for Rs 52 crore through an open market transaction. According to the bulk deal data on the BSE, Ajay Singh sold over 1.15 crore shares, amounting to a 0.9 per cent stake in Gurugram-based SpiceJet. The shares were disposed of at an average price of Rs 45.34, taking the transaction value to Rs 52.31 crore. After the stake sale, Singh's holding in SpiceJet has come down to 22 per cent from 22.90 per cent. Also, the combined shareholding of promoters and promoter group of the company has declined to 28.23 per cent from 29.13 per cent. Details of the buyer(s) of SpiceJet's shares could not be ascertained on the exchange. Shares of SpiceJet on Thursday declined 6.38 per cent to close at Rs 45.48 apiece on the BSE. Earlier, the budget airline was facing a fresh round of troubles as three Ireland-based aircraft lessors and a former pilot filed insolvency pleas in NCLT against the budget carrier, claiming defaults. Three lessors - NGF Alpha, NGF Genesis and NGF Charlie - filed petitions under Section 9 of IBC, seeking initiation of insolvency proceedings against SpiceJet claiming dues totalling USD 12.68 million (about Rs 110 crore). Later, the company clarified that during the proceedings of NCLT, it sought some time to resolve the matter as settlement talks were going on. Last month, SpiceJet reported a profit after tax of Rs 26 crore for the three months ended December 2024, helped by overall improved performance. The carrier had posted a loss of Rs 300 crore in the year-ago period. Its total revenue stood at Rs 1,077 crore in the 2024 September quarter. However, compared to Rs 2,149 crore reported for the three months ended December 2023, the total revenue is lower in the latest December quarter.

While the domestic stock markets have given investors very little to cheer over the last six months, 56 stocks have held on to their multibagger tag, giving up to 760% returns since the last Holi of March 25, 2024. What is noteworthy is that only a dozen stocks in this pack have given negative returns despite the bloodbath in markets since October. These 56 stocks represent less than 4% of the 1,465 stocks analysed by ETMarkets. In this list, 15 stocks have delivered over 200% returns in the said period. Smallcap counter Ashika Credit Capital occupies the top slot and is followed by smallcaps Aayush Art And Bullion (730%) and Indo Thai Securities (542%). Meanwhile, Vantage Knowledge Academy, PG Electroplast, Marsons, Windsor Machines, TechNVision Ventures, Shakti Pumps (India), V2 Retail, Shaily Engineering Plastics, Sky Gold and Diamonds and Wonder Electricals have also surpassed the above threshold. <iframe title="56 Multibaggers since last Holi " aria-label="Split Bars" id="datawrapper-chart-MxVvb" src="https://et-infographics.indiatimes.com/graphs/MxVvb/1/" scrolling="no" frameborder="0" style="width: 0; min-width: 100% !important; border: none;" height="1862" data-external="1"></iframe><script type="text/javascript">!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data["datawrapper-height"][t]+"px";r.style.height=d}}}))}();</script>Widely tracked stocks like CarTrade Tech, Sarda Energy & Minerals, Mazagon Dock Shipbuilders, Wockhardt, PC Jeweller, Deepak Fertilisers And Petrochemicals Corporation, Transformers & Rectifiers (India), Goldiam International, EPACK Durable and AMI Organics also feature in this list. Their returns since 2024 Holi are between 144% and 101%. Ashish Kacholia's portfolio stock Balu Forge has yielded returns of 130%.Also Read: Retail investors cut stakes in these 63 small & midcaps before they plunged up to 60% in 2025 — Smart move or just luck?The average returns of these 1,465 stocks stand at 9.14%, thanks to the weight thrown around by the above mentioned stocks. In contrast, BSE Sensex has managed returns of just 1.6%.On the six month basis, when Sensex has declined to the tune of 14% from its all-time high of 85978.25, average returns by these stocks is 37%.This article does not delve into the merits of the gains or losses seen in these stocks.Positive returns since last HoliAs far as positive returns are concerned, 636 stocks are in the green. Barring these 56 multibaggers, 580 stocks have given returns in the range of up to 98% since March 25, 2024.Among the most followed scrips are Lloyds Metals & Energy, Dixon Technologies, Supriya Lifescience, VA Tech Wabag, Aegis Logistics, DOMS Industries, Amber Enterprises, Suven Pharmaceuticals, One97 Communications (Paytm), LT Foods, Windlas Biotech, Camlin Fine Sciences, ITD Cementation India, Garden Reach Shipbuilders & Engineers, Godfrey Phillips India, Piramal Pharma, Kaveri Seed Company, Chambal Fertilisers and Chemicals, Avanti Feeds, Divi's Laboratories, Inox Wind Energy, Suzlon Energy, InterGlobe Aviation (Indigo), Mahindra & Mahindra, Bharat Electronics and Bharti Airtel, among others. Also Read: Metal stocks rise up to 17% after 5 monthly declines. But trend sustainability will have to pass through Trump tariff testHoli-to-Holi laggards The remaining 829 stocks have seen their share price erode up to 75% in this period. In this, 27 stocks have fallen over 50%. Their average negative returns stand at 17% with the biggest spoiler being Jaiprakash Associates. The other big losers include Spandana Sphoorty Financial, Gensol Engineering, Fusion Finance, Sun Pharma Advanced Research Company (SPARC), IndusInd Bank, Adani Green Energy and Sula Vineyards which have fallen up to 53%.Buying quality stock remains the only strategy for expert Nilesh Jain, Head Vice President, Equity Research Technical and Derivatives at Centrum Broking who said that markets have corrected quite sharply and many stocks are offering value. He said that the markets will hit new lifetime highs till next Holi.(Data Inputs by Ritesh Presswala) (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)