SpiceJet's Stock Drops by -5.52% in Line with Sector Performance on September 18th

SpiceJet, a midcap airline company, saw a decline in its stock price by -5.52% on September 18th, 2024. This drop was in line with the overall performance of the sector, as the company underperformed by -4.18%. The stock has been on a downward trend for the past two days, with a total loss of -10.14% during this period.

The stock opened with a gap down of -2.33% today and touched an intraday low of Rs 69.75, a decrease of -5.39%. However, despite this recent decline, SpiceJet is still trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

According to MarketsMOJO, a leading stock analysis platform, the stock call for SpiceJet is 'Sell'. This recommendation is based on the fact that the stock has been consistently losing value and has not shown any signs of improvement in the near future.

In comparison to the overall market performance, SpiceJet's stock has underperformed. On the same day, the Sensex, India's benchmark index, saw a decline of only -0.22%, while SpiceJet's stock dropped by -5.45%. In the past month, SpiceJet's stock has also underperformed the Sensex, with a return of 25.38% compared to the Sensex's 3.06%.

It is important to note that this article is based on factual information and does not include any external data or sources. As a midcap company in the airline industry, SpiceJet's stock performance is closely monitored by investors and analysts. However, it is always recommended to do your own research and consult with a financial advisor before making any investment decisions.