SpiceJet jumped 8.5% to Rs 19.15 at 11:35 IST on BSE on buzz that the firm's promoter Ajay Singh along with US-based JP Morgan Chase will submit a revival plan to the government on the basis of a proposed investment of $200 million.
Meanwhile, the S&P BSE Sensex was down 39.34 points or 0.14% at 27,169.27.
On BSE, so far 1.42 crore shares were traded in the counter as against average daily volume of 99.34 lakh shares in the past one quarter.
The stock hit a high of Rs 19.50 and a low of Rs 18.65 so far during the day. The stock had hit a 52-week high of Rs 22.20 on 26 May 2014. The stock had hit a 52-week low of Rs 11.10 on 13 August 2014.
The stock had outperformed the market over the past one month till 24 December 2014, surging 12.56% compared with Sensex's 4.53% fall. The scrip had also outperformed the market in past one quarter, jumping 34.94% as against Sensex's 1.73% rise.
The small-cap company has equity capital of Rs 599.45 crore. Face value per share is Rs 10.
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SpiceJet reported a net loss of Rs 310.45 crore in Q2 September 2014, lower than net loss of Rs 559.49 crore in Q2 September 2013. Net sales rose 15.2% to Rs 1435.86 crore in Q2 September 2014 over Q2 September 2013.
SpiceJet is India's second largest airline by domestic passenger share.
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