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SpiceJet share price rises 9% after airline announces plans to add 10 aircraft to its fleet

Stocks
< 1 min Read Oct 8, 2024
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SpiceJet's share price jumped over 9% on 8 October after the airline announced plans to add 10 aircraft to its fleet by November-end. This move follows a successful Qualified Institutional Placement (QIP) fundraising of ₹3,000 crore, indicating strong investor confidence in the airline's future. SpiceJet's stock soared to a high of ₹63 before settling at ₹62.6 by 11:06 AM. 

The recent QIP attracted significant interest from top-tier institutional investors such as Goldman Sachs (Singapore), Morgan Stanley Asia, and Tata Mutual Fund, further boosting investor sentiment.

Boost for investors looking to buy shares online

For those looking to buy shares online, SpiceJet's latest fleet expansion presents a strong investment opportunity. The airline's ability to raise substantial funds through QIP and attract high-profile investors points to a potentially robust financial outlook. As the stock price continues to rise, retail investors might consider adding SpiceJet to their portfolio.

Key takeaways

  • SpiceJet shares surged over 9% following fleet expansion news.

  • The airline raised ₹3,000 crore through QIP, attracting major institutional investors.

  • For investors interested in buying shares online, this could be an attractive time to explore SpiceJet stocks.