SpiceJet Experiences Trend Reversal Amid Broader Market Gains and Mixed Performance Indicators

Jul 23 2025 12:05 PM IST
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SpiceJet's stock has experienced significant movement, rebounding after a three-day decline and reaching an intraday high. Despite this short-term gain, the airline's longer-term performance shows a notable decline over the past year. Meanwhile, the broader market, represented by the Sensex, is nearing its 52-week high.
SpiceJet, a midcap airline, has shown notable activity today, gaining 5.17% as of July 23, 2025. The stock has outperformed its sector by 5.31%, marking a trend reversal after three consecutive days of decline. It reached an intraday high of Rs 40.42, reflecting a 6.09% increase during the trading session. However, it also hit a new 52-week low of Rs 37.87 today.

In terms of moving averages, SpiceJet's stock is currently above its 5-day and 20-day moving averages but remains below the 50-day, 100-day, and 200-day moving averages, indicating mixed performance in the short to medium term.

In the broader market context, the Sensex opened higher, trading at 82,467.15, up 0.34%, and is nearing its 52-week high. While SpiceJet's one-day performance stands at 6.33%, its longer-term metrics reveal a decline of 28.58% over the past year and 26.88% year-to-date, contrasting sharply with the Sensex's positive trajectory.
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