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

IndiGo slipped 18% to Rs 1,291 in intra-day trade, while Jet Airways (India) were locked in 5 per cent lower circuit at Rs 54 for the sixth straight day on the BSE.

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