Spicejet Shares Hit Upper Circuit, Skyrocket 20% On Fundraising Plans - News18
[ad_1]
SpiceJet shares surged 20 per cent on Thursday. The 20% surge in Spicejet's shares comes after the airline company on December 6 said its board will meet on December 11 to consider raising fresh capital Shares of budget carrier Spicejet on Thursday soared 20 per cent to hit the upper circuit and skyrocketed to a 52-week high of Rs 52.29 per share. The big positive movement in Spicejet’s share price comes after the airline company on December 6 said its board will meet on December 11 to consider raising fresh capital. Shares of Spicejet have surged 32 per cent in the past one month, compared with the Sensex’s rise of 6 per cent. On the BSE, Spicejet shares on Thursday opened at Rs 45 per share, which was 3.25 per cent higher than the previous close of Rs 43.58 apiece. It then started surging and after one-and-a-half hours at around 10:45 am, the Spicejet shares hit the upper circuit rising 20 per cent to Rs 52.29. The upper circuit is the upper limit imposed by stock exc...