SpiceJet hits record high; stock zooms over 100% in 2017

The stock was up 4% at Rs 116.90, surpasses its previous high of Rs 115 touched on September 5, 2005

SpiceJet hit a record high of Rs 116.90, up 4% on BSE in intra-day trade, surpassing its previous high of Rs 115 touched on September 5, 2005.

The stock has zoomed 104% thus far in the calendar year 2017 from Rs 57.20 on December 30, 2016, against 12.5% rise in the S&P BSE Sensex during the same period. By comparison, Jet Airways and InterGlobe Aviation added 54% and 38%, respectively, during the same period.

According to March 2017 shareholding pattern, foreign portfolio investors (FPIs) and mutual funds (MFs) have increased their stake in SpiceJet by two percentage points each. FPI holding in