Shares of SpiceJet decreased 11.19% in early trading to Rs. 38.72 from their previous closing on the BSE of Rs. 43.60. Today’s opening price for the aviation stock was 42.50 rupees.
- After a report claimed that IndiGo co-founder and former promoter Rakesh Gangwal had no plans to purchase a stake in the low-cost carrier, shares of airline SpiceJet Ltd fell nearly 11% in early trade. Shares of SpiceJet decreased 11.19% in early trading to Rs. 38.72 from their previous closing on the BSE of Rs. 43.60.
- Technically speaking, SpiceJet’s relative strength index (RSI) is 73.2, indicating that the stock is now trading in overbought zone. Shares of SpiceJet are currently trading above their respective 5-, 10-, 20-, 50-, 100-, 150-, and 200-day moving averages.
- Shares of the company were traded for a total of 67.43 lakh dollars, or Rs 27.22 crore, on the BSE. On October 13, 2023, the stock reached a 52-week high of Rs. 43.82, and on May 23, 2023, it reached a 52-week low of Rs. 22.65.
- On October 13, SpiceJet shares increased by about 18% in response to a media report that IndiGo co-founder Rakesh Gangwal was in advanced stages of negotiations to buy a stake in the BSE-listed company. At the conclusion of the June quarter, Gangwal owned 5,10,21,132 shares, or 13.23% of InterGlobe Aviation Ltd.
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