Shares of slipped 2.48 per cent in Wednesday's early trade to touch a fresh 52-week low of Rs 28.67. However, the stock staged a recovery as the session progressed and climbed 9.87 per cent from the one-year low level to hit a day high of Rs 31.50. On a closing basis, it jumped 7.14 per cent. Last check, the scrip was up 3.49 per cent at Rs 30.49. At this level, it has cracked 45.96 per cent on a year-to-date (YTD) basis. Advertisement

The Gurugram-based budget carrier recently informed exchanges that it has achieved a second credit rating upgrade in a month, signalling the airline's improved credit profile, strengthened liquidity position and sustained focus on financial discipline.

Acuité Ratings & Research has upgraded the airline's long-term credit rating to BB (Stable) from BB- (St

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