Spice doubles…no Idea why!

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The stock finally closed at Rs57.3 a mind-boggling 100% jump from its previous close.

Spice Communication was the talk of the town as the stock was on fire on Friday, a mind-boggling 100% spurt from its previous close. The stock finally closed at Rs57.3 hitting an intra-day high of Rs57.4 and a low of Rs27 and recorded volumes of over 9mn shares on BSE.

The only available news is that BK Modi, Chairman, Spice Group was reported as saying that “Spice Innovation is interested in acquiring 51% stake in Satyam Computers.”