SpiceJet has moved up in noon trades on news of international operations.

The stock opened at Rs 59.40 and surged to a high of Rs 61.40 - up 4%. It is now trading with a 3.3% gain at Rs 60.90. Around 1.86 million shares have changed hands at the counter on the BSE so far.

BSE  |  NSE Price

Also Read   Related Stories News Now - Markets gyrate zones; HUL down 2% - Three foreign investors may raise stake in SpiceJet - Markets continue trading flat - Sensex flat in early trades - FIIs net buyers Rs 155cr in F&O on Thursday - Sensex flat; BSE metal index down 1%

Also Read   Related Stories News Now - Markets post worst May performace since 2006 - Kavveri Telecom Q4 net declines over 6% - Wall Street opens flat on economy worries - RIM to set up first BlackBerry innovation zone in India - Rajaratnam bragged about sources of inside info: Gupta lawyers More

Wilbur Ross, Goldman Sachs and Dubai's Istithmar may raise stake in low-cost carrier SpiceJet to 40% as they are likely to convert their debt holdings in the firm to equity. Ross, Goldman Sachs and Istithmar had together invested $100 million in the five-year-old airline in 2008. Of this, Ross' individual investment was $68 million.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets post worst May performace since 2006 - Kavveri Telecom Q4 net declines over 6% - Wall Street opens flat on economy worries - RIM to set up first BlackBerry innovation zone in India - Rajaratnam bragged about sources of inside info: Gupta lawyers

Tags : spicejet | stock market | gainers & losers | BSE   Read Business news in  Advertisements -  India's no. 1 Property Site. Click here to know more -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  Help a Child Achieve her. Click to know more -  "Discover The Power of One" -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  Watch The Film Here. Click here to know more.. -  Learn How One City is Running on FOOD SCRAPS. -  1 billion in saving for Unilever without any tangles. -  A Brand New Server at a Price That Fits Your Budget. Click here -  One Partnership Endless Possibilities. Click here to know more -  Helping doctors detect diseases earlier, saving costs & extending lives. -  Which is the best plan for your daughter -  Check out the TRUE COLOURS of your Stocks, Now for FREE! -  One of the leading business schools in the world.Know More -  2 Lac Apartments, 1 Lac House / Plots. Click here