SpiceJet surges on FDI buzz
Last week, aviation ministry Ajit Singh said GoAir and SpiceJet are evaluating FDI.
SpiceJet has surged 8.5% to Rs 30.05 on back of heavy volumes on buzz that the company is evaluating foreign direct investment (FDI).
The stock opened at Rs 29.20 and hit a high of Rs 30.35 on BSE. Around 2.95 million shares already changed hands on the counter till 1000 hours against an average 1.56 million shares that were traded daily in past two weeks.
Last week, aviation ministry Ajit Singh said GoAir and SpiceJet are evaluating FDI.
According to media reports, Kuwait Airways, the national airline of Kuwait, is likely to buy stake in Kalanithi Maran-promoted SpiceJet.
The stock opened at Rs 29.20 and hit a high of Rs 30.35 on BSE. Around 2.95 million shares already changed hands on the counter till 1000 hours against an average 1.56 million shares that were traded daily in past two weeks.
Last week, aviation ministry Ajit Singh said GoAir and SpiceJet are evaluating FDI.
According to media reports, Kuwait Airways, the national airline of Kuwait, is likely to buy stake in Kalanithi Maran-promoted SpiceJet.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Jul 15 2013 | 10:09 AM IST