Shares of SpiceJet rose nearly 5% today after the airline announced plans to hold a board meeting on July 23 to consider raising fresh capital through a qualified institutional placement. The disclosure was made in a filing to the exchanges on July 18.
The stock climbed 4.92% to ₹58 on BSE. On Thursday, the airline stock ended 4.19% lower at ₹55.28 against the previous close of ₹57.70.
In today’s session, a total of 2.90 lakh shares of SpiceJet changed hands, amounting to a turnover of ₹1.64 crore on BSE. The market cap of SpiceJet increased to ₹4,482.74 crore. The stock reached a 52-week low of ₹28 on July 31, 2023 and a 52-week high of ₹77.50 on February 5, 2024.
As of 11:11 AM the shares were trading 1.70% higher at ₹56.22 on NSE
In terms of technicals, the relative strength index (RSI) of SpiceJet stands at 52.4, indicating it is trading neither in overbought nor in oversold territory. The stock has a beta of 1, suggesting average volatility over the year.
