Shares of Spicejet today climbed as much as 8.5 per cent in early trade amid reports that the carrier was in talks with foreign carriers for stake sale.
Following the stake sale buzz, shares of the company opened higher and further zoomed 8.51 per cent to Rs 47.80 on the BSE.
The stock had risen over 169 per cent last year on stake sale hopes.
As per a media report, the company is reportedly in talks with some foreign carriers, including Gulf carrier Qatar Airways, and the deal could materialise this quarter.
Meanwhile, rally in the stock out-performed the stock market’s gain where the Sensex was trading at 19,950.8, up 44.39 points at 1155 hrs.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.