Meanwhile, the BSE Sensex was up 184.62 points, or 1.06%, to 17,597.58.

On BSE, a huge 1.35 crore shares were traded in the counter as against an average daily volume of 44.13 lakh shares in the past one quarter.

The stock hit a high of Rs 36.65 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 32.20 so far during the day. The stock had hit a 52-week low of Rs 15.35 on 22 December 2011.

The stock had underperformed the market over the past one month until 6 August 2012, falling 7.07% compared with the Sensex's 0.62% fall. The scrip had, however, outperformed the market in past one quarter, rising 15.83% as against 3.46% rise in the Sensex.

The small-cap low-cost carrier has an equity capital of Rs 484.35 crore. Face value per share is Rs 10.

SpiceJet reported net profit of Rs 56.15 crore for Q1 June 2012, compared with net loss of Rs 71.96 crore in Q1 June 2011. Net sales jumped 51.1% to Rs 1406.74 crore in Q1 June 2012 over Q1 June 2011.

The result was announced during trading hours on Monday, 30 July 2012. The stock had jumped 22.42% to settle at Rs 30.85 on Monday, 30 July 2012. It has risen 43.25% in seven sessions from Rs 25.20 on 27 July 2012.

SpiceJet said it has returned to profitability in Q1 June 2012 after five successive quarters of losses. The company's market share rose to 18.6% by 30 June 2012, from 17.1% in March 2012. The average revenue per passenger rose 24% in Q1 June 2012 over Q1 June 2011. Load factor was at 80.3% in Q1 June 2012, up from 78.9% in Q1 June 2011. SpiceJet said that though the load factors and yields have been holding firm, the high cost of operations influenced by a weak rupee prevented the company from posting even better results.

SpiceJet operates more than 284 daily flights to 34 Indian cities and 3 international destinations.