SpiceJet's stock shot up 5% on Friday, landing at ₹8.67 after the airline announced a board meeting for November 18 to talk about raising funds.
The market's upbeat reaction comes even as airlines are facing tough times with high fuel prices and ongoing operational hiccups.
SpiceJet ₹1,323 cr amid delays
With this bump, SpiceJet's market value climbed to ₹1,323 crore, while peer IndiGo has seen its shares slip lately.
But it's not all smooth flying: SpiceJet is still dealing with flight delays, a shrinking domestic market share (just 0.6% in September), and on-time performance issues.