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 ...

Quick Links

 

Market News

HKEx aims to expand mini contracts to more metals and coal

Hong Kong Exchanges and Clearing Ltd (HKEx) plans to expand the range of its three "mini" contracts to include more base metals as well as coal, ...

Adverse market conditions forcing closure of oilseed crushers

Refiners prefer to import crude palm oil from Malaysia and Indonesia, finding this cheaper than local crushing

Muhurat trading: Sensex gains 64 points; Nifty ends at 8015

Markets gained for the fifth straight session to end the customary 'Muhurat' trading session held to usher in Samvat 2071 on a firm note

Financial Technologies gains 10% on heavy volumes

The stock zoomed 46% from its 52-week low of Rs 136 touched during intra-day on Wednesday.

PMC Fincorp soars over 25% in two days post stock split

The stock rallied 27% to Rs 213 from Rs 168 (adjusted to stock split) on October 22 on the Bombay Stock Exchange.

Back to Top