Meanwhile, the BSE Sensex was up 51.83 points, or 0.3% to 17,202.78.

On BSE, 84.52 lakh shares were traded in the counter as against average daily volume of 60.59 lakh shares in the past one quarter.

The stock hit a high of Rs 34.20 and a low of Rs 32.20 so far during the day. The stock had hit a 52-week high of Rs 47.20 on 20 April 2011. The stock had hit a 52-week low of Rs 15.35 on 22 December 2011.

The small-cap stock had outperformed the market over the past one month till 16 April 2012, rising 38.46% compared with the Sensex's 1.8% fall. The scrip had also outperformed the market in past one quarter, surging 59.61% as against Sensex's 5.94% gain.

The company has an equity capital of Rs 484.35 crore. Face value per share is Rs 10.

The SpiceJet stock has rallied 24.11% in six trading sessions from Rs 26.75 on 9 April 2012, after the company during market hours on 10 April 2012 said, it has allotted 4.29 crore equity shares at Rs 23.18 per share aggregating to Rs 99.44 crore to promoter, Mr Kalanithi Maran on preferential allotment basis. Maran held 43.59% stake in SpiceJet as at end December 2011, which included his direct holding of 8.13% and 35.46% stake held through Kal Airways.

SpiceJet reported net loss of Rs 39.26 crore in Q3 December 2011, compared with net profit of Rs 94.45 crore in Q3 December 2010. Net sales rose 40.6% to Rs 1153.13 crore in Q3 December 2011 over Q3 December 2010.

SpiceJet operates 202 fights daily to 21 Indian cities and two international destinations.