SpiceJet has surged 7% to Rs 47 in early morning deals on back of heavy volumes on reports that Qatar Airways may buy stake in the low-cost carrier (LCC).
“The LCC is reportedly in talks with some foreign carriers and Gulf carrier Qatar Airways being the most likely suitor,” the Times of India report suggests.
The foreign direct investment (FDI) in SpiceJet is likely to happen in this quarter, added report.
The stock opened at Rs 46.90 and hit a high of Rs 47.80 on the BSE. As many as 2.7 million shares have already changed hands on the counter against an average 3.7 million shares that were traded daily in past two weeks.
