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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

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 ...