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Jet Airways (India) shares gained as much as 4.1 per cent in early trade on Wednesday after Tuesday's 14.3 per cent surge.
The shares hit a high of Rs 523.90 in trade today, the highest intraday level since May 2013.
At 10.21 am, the stock was up 3.17 per cent or Rs 15.75 at Rs 513.15 on the NSE.
Traders attributed the rise in share price to the fact that this is the only healthier play among the aviation stocks.They added that hopes of aviation fuel price cut by month end was also helping the stock.
In contrast, SpiceJet's new owners plans to cut fleet and shrink network while Kingfisher Airlines has been grounded for about two-and-a-half years now.
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