Technical analyst Pradeep Surekha has maintained 'hold' rating on Spicejet Limited stock with a stop loss of Rs 43.

According to analyst, the investors can exit the stock on rally to around 52-53.

The stock of the company, on February 08, closed at Rs 46.25 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 97.45 and a low of Rs 48.65 on BSE.

Current EPS & P/E ratio stood at 5.58 and 7.90 respectively.

SpiceJet Ltd refused a recent statement, which said that media mogul Kalanithi Maran's recent majority equity stake purchase in the country's second-largest budget carrier airline is being inquired by India's leading federal investigative firm.

SpiceJet said that the complete acquirement of SpiceJet scrips by Mr. Maran, who possesses Sun TV Network Ltd., is in conformity with legal requirements.

As per reports, the transaction has come under CBI's scanner as the finances from the contract likely came from the money allegedly pilferage during the allotment of mobile spectrum.

Moreover, the company has got committed proposals to append 13 aircrafts in 2011.

In spite of a lower profit development, SpiceJet's net sales during the third quarter surged 26% to Rs 820 crore as against Rs 647 crore.

During the third quarterly period, SpiceJet's fuel costs increased around 48% to Rs 310 crore.