Spicejet takes flight

about 5 months ago
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Spicejet is among the top three gainers on the BSE currently. The stock, which had closed on Friday at Rs.145.95, opened higher at Rs.150, going on to hit a new record high at Rs.156.90, going up 7.5%.

The stock has jumped up on news report that Spicejet has received many proposals to buy into the company and the Chairman of the company said that he is willing to look and evaluate an offer only if it is strategic.

The airline said that it has enough cash and thus it did not need to sell stake now for cash. The Chairman clarified that there is nothing imminent but is happy to evaluate offers.

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