SpiceJet Shares Rally: Shares of low-cost carrier SpiceJet rose up to 5% to an intraday high of Rs 36 on Wednesday, December 10, extending their winning streak for the fourth straight session. With today’s gains, the stock has now surged 19% over this period.

The rally follows the DGCA’s directive asking IndiGo to cut 10% of its winter flight schedule after a week of severe operational disruption that led to over 5,000 flight cancellations due to a pilot shortage. With nearly 110 flights per day now expected to be redistributed to other airlines, the development creates a significant opportunity for competitors such as SpiceJet to absorb additional demand.

Separately, SpiceJet conducted an analyst meeting on Tuesday. Following the discussion, domestic brokerage Prabhudas Lilladher said

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