SpiceJet Hits Record High Amid Heavy Volume

Shares in SpiceJet hit a new record high with heavy volumes seen in the counter.

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Shares of low-cost carrier SpiceJet continued gaining streak for the third day and rallied over 7 per cent, hitting fresh 52-week high, on the Bombay Stock Exchange amid surge in volume trade.

SpiceJet Hits Record High Amid Heavy Volume
According to Business Standard report, strong passenger growth traffic last month, coupled with weaken dollar and lower crude oil prices boosted the short-term outlook for aviation stocks.

Extending previous session rally, shares of company gained as much as 7.21 per cent to hit 52-week high in intra-day trade to Rs 101.00 apiece on the Bombay Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 29,208.52, down 212.88 points or 0.72 per cent, at 12:00 hours.

Read more about: spicejet
Story first published: Monday, March 27, 2017, 12:50 [IST]
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