SpiceJet announced plans to raise fresh capital through a Qualified Institutional Placement (QIP), subject to regulatory and shareholder approvals. The move aims to issue eligible securities to qualified institutional buyers as per SEBI regulations. Post the announcement, SpiceJet’s shares surged approximately 4% to Rs 58.
SBI, Airtel among 8 stocks upgraded in the last month; analysts see up to 20% upside
Several brokerages have recently increased target prices for specific stocks. Kotak Mahindra Bank and Bharti Airtel are among those receiving upgrades. Analysts predict potential upsides