SpiceJet shares jumped 14 per cent to Rs 35.50 on the BSE in intraday trade on Monday, supported by strong volumes even as the broader market remained muted. By 9:47 AM, the stock was still up 12 per cent at Rs 34.87, compared with a 0.26 per cent drop in the BSE Sensex.

Trading activity surged sharply, with 20.62 million shares changing hands on the BSE—more than double the two-week average volume of 7.4 million shares, according to exchange data.

The rally comes as widespread delays and cancellations at rival InterGlobe Aviation, the parent of IndiGo, push more passengers toward SpiceJet. IndiGo’s operational crisis has opened an unexpected demand window for the airline, which has been adding flights to accommodate stranded travellers.

Last week, Chairman and Managing Director Ajay Si

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