SpiceJet Shows Signs of Recovery Amid Broader Mid-Cap Market Gains

Mar 17 2025 10:05 AM IST
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SpiceJet experienced a notable performance on March 17, 2025, reversing a four-day decline with a significant intraday high. The stock outperformed its sector, although its moving averages present a mixed outlook. Over the past year, SpiceJet has seen a decline, contrasting with the overall market's modest gains.
SpiceJet, a midcap player in the airline industry, has shown notable activity today, gaining 5.67% on March 17, 2025. This performance marks a trend reversal for the stock, which had experienced four consecutive days of decline. SpiceJet's intraday high reached Rs 47.65, reflecting a 4.77% increase, while the stock dipped to a low of Rs 44.15, a decrease of 2.92%.

In terms of market performance, SpiceJet outperformed its sector by 2.79% today. However, its moving averages indicate a mixed picture, as the stock is currently above its 20-day moving average but below the 5-day, 50-day, 100-day, and 200-day moving averages.

On a broader market scale, the Sensex rose by 464.52 points to 74,294.55, reflecting a 0.63% increase after a flat opening. Mid-cap stocks are leading the market, with the BSE Mid Cap index gaining 0.85%. Despite today's gains, SpiceJet's longer-term performance shows a decline of 18.85% over the past year, contrasting with the Sensex's 2.23% increase during the same period.
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