SpiceJet gains for seventh straight day; stock surges 9% on heavy volumes

Shares of SpiceJet were trading higher for the seventh consecutive session, surging 9 per cent intra-day, to trade at Rs 144 apiece on the BSE on Wednesday supported by heavy volumes.

During the past week, the airline's stock has rallied 23 per cent as against a per cent rise in the benchmark index. Jet Airways and InterGlobe Aviation (parent company of IndiGo), on the other hand, have tanked 20 per cent and 6 per cent respectively during the same period.

“While SpiceJet is a key beneficiary of slots vacated by Jet Airways at the constrained airports, it would be interesting