Retail investors cut stake in SpiceJet: stock soars over 90% in 2017

Retail investors have missed the rally in SpiceJet as individual shareholders reduced their stake in the company by more than four percentage points in March quarter (Q4).

The stock has rallied 6% to Rs 110, trading close to its record high of Rs 115 touched on September 2005 on BSE in intra-day trade.

SpiceJet has zoomed 93% thus far in the calendar year 2017 against 11% rise in the S&P BSE Sensex. In comparison, Jet Airways and InterGlobe Aviation were up 47% and 39%, respectively, during the period. Read more

Credits: business-standard.com

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