Share Market News: SpiceJet Shares Surge Nearly 10 Percent | Check Details Here

Share Market News: Spicejet’s shares surged on Monday by 9.85 per cent amid rally in equity benchmark indices. The 30-share BSE Sensex climbed 290.46 points to 80,809.80 in early trade. The NSE Nifty rallied 95.85 points to hit a new record peak of 24,598.
The stock opened with a 2 percent increase, reaching a peak of Rs 57. This rise follows a four-day decline. The surge in SpiceJet’s shares is attributed to the company’s upcoming review of the third and fourth quarter results from the previous financial year, scheduled for July 15.
To recall, Spicejet’s last quarterly result was announced in December 2023, when the firm reported a net loss of Rs 431.54 crore in the second quarter of FY24. Revenue from operations declined 27 percent to Rs 1,425.29 crore, from the year-ago period when the airline had reported a top line of Rs 1,952.61 crore.
Meanwhile in Asian markets, Seoul and Shanghai were trading higher while Hong Kong quoted lower.
US markets ended in positive territory on Friday. Foreign Institutional Investors (FIIs) bought equities worth Rs 4,021.60 crore on Friday, according to exchange data.
Global oil benchmark Brent crude climbed 0.20 per cent to USD 85.20 a barrel.The BSE benchmark jumped 622 points or 0.78 per cent to settle at a record closing level of 80,519.34 on Friday. During the day, it zoomed 996.17 points or 1.24 per cent to hit an all-time high of 80,893.51.
The NSE Nifty surged 186.20 points or 0.77 per cent to settle at a record closing high of 24,502.15.