SpiceJet surges on stake sale plans

SpiceJet, India"s most preferred airline, delivering the lowest air fares, surges on Wednesday after chief executive officer (CEO) Neil Mills said that, the company was in talks with any airline for funding, but it may still be in discussions with private equity firms. Shares ofthe companyare trading at Rs 37.35, up Rs 1.8, or 5.06% at the Bombay Stock Exchange (BSE) on Wednesday at 12:54 p.m.The scrip has touched an intra-day high of Rs 39.80 and low of Rs 35.15. The total volume of shares traded at the BSE is 12,360,513.In the earlier session, the shares lost 2.47%, or Rs 0.90, at Rs 35.55. Currently, the stock is trading down 9.56% from its 52-week high of Rs 41.30 and above 143.32% over the 52-week low of Rs 15.35.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 38.10 (2.55) (6.69) 1 Month 32.10 3.45 10.75 3 Months 32.65 2.90 8.88 6 Months 23.55 12.00 50.96 1 Year 22.90 12.65 55.24 Note: Based on previous day closing price.