April 16, 2019 / 4:06 AM / 2 months ago

BUZZ-India's SpiceJet soars on Bombardier fleet expansion

** Shares of low-cost carrier SpiceJet Ltd surged as much as 8.09 pct to their highest since May 2018

** SpiceJet said to expand its Bombardier fleet; induct five more Q400s

** Airline to add three Q400s in the next ten days

** Over 1.1 mln shares change hands, compared with 30-day avg of 2.9 mln shares

** Seven of 8 brokerages covering the stock rate it “buy” or higher, one “hold”; median PT 106 rupees - Refinitiv Eikon data

** Stock up 33.8 pct this year as of Monday’s close

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