Intraday Performance and Price Movement
On 13 Feb 2026, SpiceJet Ltd opened the trading session with a gap down of 2.99%, signalling immediate bearish sentiment. The stock continued to weaken throughout the day, touching an intraday low of Rs 18.93, representing a decline of 7.25% from the previous close. This intraday low also marked a new 52-week low for the airline stock, underscoring the persistent downward momentum.
Overall, SpiceJet’s share price fell by 7.55% during the session, significantly underperforming the airline sector by 6.1% and the Sensex index, which was down 0.98% at 82,857.49 points. The Sensex itself opened sharply lower by 772.19 points but remained approximately 3.98% below its 52-week high of 86,159.02, indicating broader market weakness.
Technical Indicators and Moving Averages
From a technical perspective, SpiceJet is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This alignment of moving averages below the current price level typically signals a sustained bearish trend. The stock’s Mojo Score stands at 3.0 with a Mojo Grade of Strong Sell, an upgrade from the previous Sell rating as of 23 Dec 2024, reflecting deteriorated fundamentals and market positioning.
The market capitalisation grade for SpiceJet is rated 3, indicating a relatively modest market cap compared to peers, which may contribute to its vulnerability in volatile market conditions.
Recent Price Trends and Relative Performance
SpiceJet’s recent price trajectory has been notably weak. The stock has recorded losses for three consecutive trading days, accumulating a decline of 14.45% over this period. When viewed over longer time frames, the underperformance is even more pronounced:
- One week: -14.67% versus Sensex’s -0.86%
- One month: -29.04% versus Sensex’s -0.91%
- Three months: -47.83% versus Sensex’s -1.91%
- Year to date: -36.42% versus Sensex’s -2.76%
- One year: -58.07% versus Sensex’s +8.83%
- Three years: -46.05% versus Sensex’s +37.12%
- Five years: -79.14% versus Sensex’s +60.76%
- Ten years: -72.29% versus Sensex’s +260.50%
This stark contrast highlights the stock’s sustained challenges relative to the broader market and its sector peers.
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Market Sentiment and Sector Context
The airline sector, to which SpiceJet belongs, has faced headwinds in recent sessions, with the stock underperforming its sector peers by 6.1% today. The broader market’s cautious tone, reflected in the Sensex’s near 1% decline, has compounded pressure on the stock. Despite the Sensex trading below its 50-day moving average, the 50DMA remains above the 200DMA, suggesting that while short-term momentum is weak, the longer-term trend for the market remains cautiously positive.
SpiceJet’s share price weakness today is consistent with its ongoing trend of underperformance relative to the Sensex and sector benchmarks. The stock’s gap down opening and subsequent intraday low indicate that sellers dominated trading, with limited buying interest to support the price.
Valuation and Risk Considerations
Given the stock’s current trading below all major moving averages and its strong sell rating, the risk profile remains elevated. The market capitalisation grade of 3 suggests limited scale compared to larger airline peers, which may affect liquidity and investor confidence. The persistent decline over multiple time frames further emphasises the challenges faced by the company’s equity in the current market environment.
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Summary of Today’s Trading Session
In summary, SpiceJet Ltd’s shares experienced significant intraday weakness on 13 Feb 2026, hitting a new 52-week low of Rs 18.93. The stock’s decline of 7.55% was markedly worse than the broader market and sector indices, reflecting ongoing price pressure and subdued investor sentiment. Technical indicators remain firmly bearish, with the stock trading below all key moving averages and carrying a strong sell Mojo Grade.
The broader market environment, characterised by a nearly 1% drop in the Sensex and a cautious tone in the airline sector, contributed to the negative momentum. The stock’s extended period of underperformance across multiple time horizons highlights the challenges it faces in regaining investor confidence.
Investors monitoring SpiceJet Ltd should note the persistent downward trend and the stock’s relative weakness compared to sector and market benchmarks as of today’s trading session.
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