SpiceJet stock takes off on stake sale buzz
The Spicejet and Deccan Aviation stocks reacted shaply on the higher side to NDTV Profit's report that Vijaya Mallya may be looking to pick up 26 per cent stake in SpiceJet. The Spicejet stock shot up 22 per cent on volumes 6 times the 10-day average in the hope that Mallya's investment will infuse much needed capital in the struggling airline.
