SpiceJet has rallied 12% to Rs 34.90 on the Bombay Stock Exchange on back of heavy volumes after Abu Dhabi-based Etihad Airways said it is acquiring 24% stake in rival Jet Airways at over 30% premium to Jet's closing share price on Tuesday.
SpiceJet stock opened at Rs 35.50 and hit a high of Rs 36 so far. Around 9.86 million shares representing over 2% free-float equity of the budget carrier have changed hands till 1146 hours compared to an average 2.2 million shares that were traded daily in past two weeks.
SpiceJet stock opened at Rs 35.50 and hit a high of Rs 36 so far. Around 9.86 million shares representing over 2% free-float equity of the budget carrier have changed hands till 1146 hours compared to an average 2.2 million shares that were traded daily in past two weeks.
