SpiceJet zooms 19% after nearly 3% equity change hands on the BSE
Shares of SpiceJet zoomed 19 per cent to Rs 39.40 on the BSE in Wednesday’s intra-day trade after nearly 3 per cent of total equity of the low-cost carrier (LCC) changed hands on the BSE. The stock was quoting at its highest level since February 2023.
In past two trading days, the stock has rallied 27 per cent after the company’s board on Monday, allotted 34.17 million equity shares at an issue price of Rs 29.84 each on preferential basis to the promoter group company, Spice Healthcare Private Limited.
