SpiceJet Hits Record High Amid Heavy Volume

Posted By: Religare
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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
    Spicejet: Quotes, News
    BSE 106.90BSE Quote1.9 (-1.78%)
    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.

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