SpiceJet's Stock Price Declines by -5.8% on November 13, 2024

Nov 13 2024 02:20 PM IST
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On November 13, 2024, SpiceJet's stock price declined by -5.8% and is currently trading at Rs 54.29 per share. This is reflected in the 'Sell' rating given by MarketsMojo. The stock has underperformed the sector by -4.11% and has been on a downward trend for the last 2 days, falling -9.09%. It is trading below all moving averages and has weaker performance compared to the overall market. Investors and experts are advised to closely monitor the company's financials and market trends before making any decisions.

SpiceJet, one of India's leading airlines, has seen a decline in its stock price on November 13, 2024. The stock has lost -5.8% and is currently trading at Rs 54.29 per share. This decline has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Sell'.

In terms of performance, SpiceJet has underperformed the sector by -4.11% on the same day. This is a consecutive fall for the stock, as it has been losing for the last 2 days and has fallen -9.09% in this period. The stock also touched an intraday low of Rs 54.29, showing a decline of -5.45%.

When compared to the moving averages, SpiceJet is trading lower than the 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. This indicates a downward trend in the stock's performance.

In comparison to the overall market, SpiceJet's performance has been weaker. On the same day, the stock's performance was -7.40% while the Sensex's performance was -0.90%. In the last month, SpiceJet's performance has been -20.98% compared to the Sensex's -4.19%.

Investors and experts are advised to closely monitor the performance of SpiceJet and make informed decisions based on the company's financials and market trends.
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