Sharemasterindia.com: Shares of SpiceJet soared over 5 per cent on Wednesday while Jet Airways surged 11 per cent. Budget carrier SpiceJet announced second consecutive quarterly profit, lifting sentiment in aviation stocks.
SpiceJet shares have extended their gain to the fifth straight day, surging nearly 25 per cent.
The outlook for aviation sector has improved after a fall in aviation fuel prices, which account for nearly 40 per cent of the operating expenses of airlines in India.