SpiceJet shares closed 11.3% higher on Friday
A surprising spurt on Indigo share, the Spicejet crossing the resistance indicate breakout in progress.
Analysts have turned cautious on IndiGo post the development and said management distractions could impact Interglobe Aviation's (Indigo) currently strong franchise.
Demand growth, pricing discipline favouring airlines; sustained oil prices above $60-level can play spoilsport: Analysts
SpiceJet also clocked a seat factor of over 90 per cent for the 32nd consecutive month, at 95.5 per cent in November