Shares of SpiceJet soared 13 per cent to Rs 35 per share on the BSE in Monday’s intra-day trade, after the company registered net profit at Rs 205 crore in the June ended quarter (Q1FY24), as against net loss of Rs 789 crore, in the year-ago period.
So far this calendar year (CY23), the stock of this airline operator declined 18 per cent, as against a 7 per cent rise in the S&P BSE Sensex. Earlier, the stock had hit a 52-week low of Rs 22 apiece on May 23, 2023.
