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The share price of SpiceJet airlines are registering record upward trend.
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The share of the low cost airlines has been showing an upward trend since last three days.
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The SpiceJet counter has gained 26.95 per cent in the past one month and 82.33 per cent in six months.
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The SpiceJet has one of the largest operating fleet of Boeing 737s & Q-400s and they are flying multiple daily flights under the Regional Connectivity Scheme.
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Experts believe that the soaring share price is connected to the domestic air traffic which has touched a new level this month.
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SpiceJet is an Indian company which is one of the largest passengers carrier.
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SpiceJet was initially started as ModiLuft, an air taxi provider in 1994 which was acquired by Indian entrepreneur Ajay Singh in 2004.
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Singh renamed ModiLuft as SpiceJet.
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