Intraday Performance and Price Movement
On 24 Nov 2025, SpiceJet’s stock recorded a significant intraday low of Rs 33, marking a 6.01% drop from its previous close. The day’s overall decline of 8.49% notably outpaced the airline sector’s performance, with SpiceJet underperforming the sector by 5.27%. This marks the third consecutive day of losses for the stock, which has cumulatively fallen by 9.94% over this period.
The stock’s trading levels remain below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling persistent downward momentum. This technical positioning suggests that the stock is facing immediate resistance at multiple levels, contributing to the ongoing price pressure.
Market Context and Broader Indices
The broader market environment has also been mixed. The Sensex opened 88.12 points higher but reversed sharply to close down by 439.49 points, or 0.41%, at 84,880.55. Despite this retreat, the Sensex remains close to its 52-week high, just 1.09% away from the peak of 85,801.70. The index continues to trade above its 50-day moving average, which itself is positioned above the 200-day moving average, indicating an overall bullish trend in the broader market.
In contrast, SpiceJet’s performance diverges sharply from the Sensex’s relative stability. The stock’s one-day decline of 8.60% far exceeds the Sensex’s 0.41% fall. Over longer time frames, SpiceJet’s returns have lagged the benchmark index considerably, with a one-week return of -13.99% versus the Sensex’s -0.08%, and a one-month return of -15.97% compared to the Sensex’s positive 0.79%.
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Longer-Term Performance and Sector Comparison
SpiceJet’s underperformance extends beyond the short term. Over the past three months, the stock has shown a return of -9.96%, while the Sensex has gained 4.39%. The disparity widens further over the one-year horizon, with SpiceJet’s return at -42.50% compared to the Sensex’s 7.28%. Year-to-date figures also highlight this gap, with SpiceJet down 42.08% against the Sensex’s 8.63% rise.
Over a five-year period, SpiceJet’s stock has declined by 54.64%, whereas the Sensex has surged by 90.64%. Even over a decade, SpiceJet’s returns remain negative at -53.53%, contrasting sharply with the Sensex’s 229.30% growth. These figures underscore the persistent challenges faced by the airline stock relative to the broader market’s upward trajectory.
Sectoral and Technical Pressures
The airline sector, to which SpiceJet belongs, has experienced volatility amid fluctuating fuel prices, regulatory developments, and shifting demand patterns. While the sector itself has faced headwinds, SpiceJet’s sharper declines suggest company-specific factors are also influencing its price action.
Technically, the stock’s position below all major moving averages indicates a bearish trend. This technical setup often leads to increased selling pressure as traders and investors react to the lack of short-term support levels. The intraday low of Rs 33 reflects this pressure, with the stock struggling to find a foothold amid broader market fluctuations.
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Investor Sentiment and Market Dynamics
Investor sentiment towards SpiceJet appears cautious, as reflected in the stock’s recent price trajectory. The three-day consecutive decline and the widening gap relative to sector and benchmark indices suggest that market participants are responding to a combination of external pressures and company-specific developments.
Despite the broader market’s resilience, particularly the Sensex’s proximity to its 52-week high and its bullish moving average alignment, SpiceJet’s stock has not mirrored this strength. This divergence highlights the challenges faced by the airline in regaining investor confidence amid current market conditions.
Summary of Key Metrics
To summarise, SpiceJet’s stock on 24 Nov 2025:
- Recorded an intraday low of Rs 33, down 6.01% from previous levels
- Closed the day with an 8.49% decline, underperforming the airline sector by 5.27%
- Has fallen nearly 10% over the past three days
- Trades below all major moving averages, indicating sustained downward momentum
- Contrasts with the Sensex’s modest 0.41% decline and overall bullish technical positioning
These factors collectively illustrate the immediate pressures weighing on SpiceJet’s share price and the cautious stance prevailing among market participants.
Conclusion
SpiceJet’s intraday low and continued price pressure reflect a challenging trading environment for the airline stock. While the broader market shows signs of strength, SpiceJet’s performance remains subdued, influenced by both sectoral headwinds and technical factors. The stock’s position below key moving averages and its extended period of decline highlight the hurdles it faces in reversing current trends.
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