Business Standard

SpiceJet hits 52-week high on heavy volumes

Around 22.8 million shares have changed hands on the counter till early noon deals against an average around 7 million shares that were traded daily in past ten trading days

Related News

SpiceJet has surged 17% to Rs 45.85, also its 52-week high, on back of over two-fold jump in its trading volumes on the Bombay Stock Exchange.

As many as 22.8 million shares have already changed hands on the counter till early noon deals against an average around 7 million shares that were traded daily in past ten trading days.

The stock has rallied over 30% in past four trading sessions after the company promoted by Kalanithi Maran, Sun Group decided to issue shares to its promoters on the preferential basis.

“The board of directors of the company at its meeting held on November 21, 2012 has decided to issue convertible debenture and/or warrants convertible into up to a maximum of 52.18 million equity shares to the promoter of the company, on preferential basis on a price to be determined as per Sebi regulations,” SpcieJet said in a statement.

Read more on:   
|
|

Read More

BSE launches carbon index

Premier bourse BSE, in collaboration with the UK government, today launched BSE Carbonex, the first-of-its-kind index in India or any emerging market ...

Recommended for you

Advertisements

Quick Links

Market News

HCL Technologies hits new high as Q2 profit beats estimate; 1:1 bonus issue

The stock rallied 11% to Rs 1,834 on BSE in early morning trade.

Coal India dips over 3% as offer for sale opens

The share sale, if fully subscribed, will help the government mop up Rs 22,385 crore, including a greenshoe option

Govt directs Sebi to beef up surveillance for Coal India OFS

Direction to prevent any manipulation, short-selling and cornering of shares

Markets may open higher; CIL, Bharti Airtel, ICICI Bank in focus

Investors will watch for the fiscal deficit numbers for the first nine months of the financial year to be release later today

Govt may raise Rs 22.3k cr at CIL floor price of Rs 358

Funding and cut-off issues could mar retail participation in today's offer for sale

 

Back to Top