SpiceJet shares jumped more than 8 per cent in early trade on Monday, after Rekha Jhunjhunwala, wife of big bull Rakesh Jhunjhunwala, purchased twenty-five lakh shares of the carrier for Rs 9.73 crore.

Rekha purchased shares through a block deal at an average price of Rs 38.94 apiece last Friday. It may be noted here that stock markets remain closed on Saturday and Sunday.

At 09:20 in the morning today, stock in SpiceJet was trading at Rs 43.15 a share. So fare, the stock has hit a low and high of Rs 41 and Rs 43.75 a share.

Though the stake acquired by Rekha isn't very large, yet it reflects a positive change in sentiments for airline stocks.

Airline companies' stocks have been gaining focus since the announcement of Jet Airways' stake deal with Etihad. On back of positive news flows, SpiceJet has jumped more than 50 per cent since last month.

Gaurang Shah, Assistant Vice President Geojit BNP Paribas Financial Services, said, "SpiceJet is the only company in the aviation pack that one would possibly look at as Jet-Ethhad deal may open lot of avenues for other airlines, especially listed entities."

SpiceJet's promoter Kalanithi Maran also recently increased his stake in the carrier by around 6 per cent, from 16.27 per cent to 22.05 per cent.