SpiceJet Hits Intraday High with Strong 11.67% Surge in Trading

Intraday Trading Highlights

SpiceJet opened the day with a gap up of 5.43%, signalling strong buying interest from the outset. The stock maintained upward momentum throughout the session, culminating in an intraday peak at Rs 34.74. This represents a significant move compared to the airline sector, which declined by 3.89% on the same day. The stock’s day change stood at 12.09%, outperforming the sector by 14.44% and the Sensex by 11.83 percentage points, as the benchmark index recorded a marginal decline of 0.16%.

Recent Price Trends and Moving Averages

SpiceJet has been on a positive trajectory over the last two days, accumulating a total return of 12.39% in this period. The stock’s current price level is above its 5-day and 50-day moving averages, indicating short-term strength. However, it remains below the 20-day, 100-day, and 200-day moving averages, suggesting that longer-term trends have yet to align with the recent gains.

Sector and Market Context

The airline sector faced downward pressure on the day, with a decline of 3.89%, contrasting sharply with SpiceJet’s strong performance. Meanwhile, the Sensex opened flat and traded slightly lower, down 87.53 points or 0.15%, settling at 85,587.73. The index remains close to its 52-week high of 86,159.02, just 0.67% away, and is trading above its 50-day moving average, which itself is positioned above the 200-day moving average, reflecting a generally bullish market trend.

Comparative Performance Over Various Timeframes

Examining SpiceJet’s performance relative to the Sensex over multiple periods reveals a mixed picture. Over one day, SpiceJet’s 11.67% gain contrasts with the Sensex’s 0.16% decline. Over the past week, SpiceJet recorded a 6.34% return, while the Sensex was marginally down by 0.08%. However, over one month, SpiceJet’s price shows a 1.50% decline, whereas the Sensex advanced by 2.83%. The three-month period sees SpiceJet up by 3.86%, trailing the Sensex’s 5.92% gain.

Longer-term figures indicate challenges for SpiceJet, with a one-year return of -43.39% compared to the Sensex’s 4.73%. Year-to-date, SpiceJet’s performance stands at -37.29%, while the Sensex has gained 9.51%. Over three years, SpiceJet’s price is down 14.43%, whereas the Sensex has appreciated by 36.76%. The five-year and ten-year returns for SpiceJet are -64.06% and -49.98% respectively, contrasting with the Sensex’s strong gains of 87.62% and 238.09% over the same periods.

Trading Dynamics and Market Sentiment

The strong intraday movement in SpiceJet’s stock price reflects a notable divergence from the broader airline sector’s performance. The stock’s ability to open with a gap up and sustain gains above short-term moving averages suggests active trading interest and momentum in the session. Despite the broader market’s cautious tone, with the Sensex trading near its 52-week high but showing a slight dip on the day, SpiceJet’s price action stands out as a key highlight in the airline sector.

Summary of Market Conditions

On 8 December 2025, the Sensex opened flat and traded slightly lower, reflecting a cautious market mood. The index’s proximity to its 52-week high indicates underlying strength, supported by its position above key moving averages. In contrast, the airline sector faced pressure, with a decline of 3.89%, highlighting sector-specific headwinds. Against this backdrop, SpiceJet’s strong intraday performance stands out as an exception, with the stock’s gains significantly outpacing both sector and market benchmarks.

Technical Positioning

SpiceJet’s price action above the 5-day and 50-day moving averages suggests short-term bullish momentum. However, the stock remains below the 20-day, 100-day, and 200-day moving averages, indicating that longer-term technical indicators have yet to confirm a sustained upward trend. This mixed technical picture reflects the stock’s recent volatility and the broader challenges faced by the airline industry.

Conclusion

SpiceJet’s intraday high of Rs 34.74 on 8 December 2025, representing an 11.67% gain, marks a significant performance in a day when the airline sector and broader market indices showed more subdued or negative movements. The stock’s ability to open with a gap up and maintain gains above key short-term moving averages highlights active trading interest and momentum. While longer-term performance metrics show challenges relative to the Sensex, the current session’s price action underscores SpiceJet’s capacity for notable intraday moves within a volatile sector environment.

Limited Time Only! Upgrade now and get 1 Year of Stock of the week worth Rs. 14,999 for FREE. Don't miss out on this exclusive offer. Claim Your Free Year →