SpiceJet shares hit 52-week high, rise nearly 15% as airline announces plan to list on NSE soon

SpiceJet share news, SpiceJet share price: SpiceJet shares on Monday, December 11 gained by as much as 15.8 per cent to clock a 52-week high of Rs 63.69 apiece, surpassing an earlier peak of Rs 22.65 touched on May 23, 2023, after the domestic airline, in an exchange filing on December 11, announced its plan to soon list its securities on the National Stock Exchange of India Limited (NSE) in order to reach a wider investor base.

"This is to inform you that in order to reach wider investor base, the Company shall soon be listing its securities on National Stock Exchange of India Limited," SpiceJet's regulatory filing read. 

SpiceJet shares finished 10.19 per cent or Rs 5.6 higher at Rs 60.57 on BSE. The company is also scheduled to declare its second quater results today for FY24. In another development, in its board meeting, the company also informed shareholders that it would consider fundraising. Reports suggest that one or two big funds may show interest in the airline.

SpiceJet share price history

SpiceJet's stock has given a positive return of nearly 50 per cent in the last 12 months (from December 12, 2022). In comparison, the headline index BSE Sensex has rallied 13 per cent.

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