SpiceJet rallies 9% on heavy volumes as IndiGo, Jet Airways slip in trade

SpiceJet shraes rallied 9 per cent to Rs 128 on the back of heavy volumes after rival airline companies stocks — InterGlobe Aviation, which runs IndiGo, and Jet Airways tanked by up to 18 per cent — on the BSE on Thursday in early morning trade.

At 11:42 am, SpiceJet was trading 6 per cent higher at Rs 124, as compared to a 0.22 per cent decline in the benchmark S&P BSE Sensex. The trading volumes on the counter more-than-doubled with 3.13 million shares changing hands so far, against an average 1.31 million shares were traded in past two weeks on the BSE.