SpiceJet Shares Surge 14% as IndiGo Disruptions Fuel Demand

• SpiceJet shares soared 14% on Monday, extending a two-day rally, driven by strong trading volumes.
• The surge is attributed to IndiGo's widespread flight disruptions, which are boosting demand for SpiceJet.
• SpiceJet plans to deploy 100 additional flights to accommodate passengers affected by IndiGo's operational crisis.
• Despite the recent rally, SpiceJet shares remain down 43% over the past year and are near their 52-week low.
• The company reported a widened net loss of Rs 634 crore and saw declining promoter and FII holdings.

Why It Matters: IndiGo's disruptions create a temporary market opportunity for competitor SpiceJet.