Recent Price Movement and Market Context
SpiceJet’s shares have been under pressure, falling by 2.43% over the last week while the broader Sensex index gained marginally by 0.13%. The stock’s one-month performance is notably weak, down 10.63%, contrasting with the Sensex’s 0.77% rise. Year-to-date, SpiceJet has plummeted 42.76%, whereas the Sensex has advanced 9.05%. This stark divergence highlights the company’s struggles amid a generally positive market environment.
On the day in question, the stock underperformed its sector, the airline industry, which gained 2.01%. Despite touching an intraday high of ₹33.50, up 2.17%, the stock ultimately closed near its low of ₹31.56, indicating selling pressure. The weighted average price suggests that more volume was traded clo...
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