--- title: "SpiceJet hits upper circuit again; stock extends rally to 42% in 9 sessions" type: "News" locale: "en" url: "https://longbridge.com/en/news/282948914.md" description: "SpiceJet shares hit the upper circuit again, extending a 42.4% rally over the last nine sessions, closing at Rs 14.14. Despite ongoing financial concerns and a UK court ruling requiring the airline to pay $8 million to a lessor, the stock has shown strong momentum, hitting the upper circuit in five of the last six sessions. However, SpiceJet remains down about 70.7% over the past year, significantly underperforming the Nifty 50, which rose 3.8% in the same period. The long-term outlook remains weak due to financial strains and competitive pressures." datetime: "2026-04-16T06:20:26.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282948914.md) - [en](https://longbridge.com/en/news/282948914.md) - [zh-HK](https://longbridge.com/zh-HK/news/282948914.md) --- # SpiceJet hits upper circuit again; stock extends rally to 42% in 9 sessions SpiceJet shares hit the upper circuit again on Thursday, extending their sharp rally as the stock continued its strong upward momentum over recent sessions. The stock was locked in the 5 percent upper circuit at Rs 14.14 in morning trade. SpiceJet shares have now gained about 42.4 percent over the last nine consecutive sessions, marking a sustained rebound in the counter. Thursday’s move also marks the second straight session of upper circuit close for the stock. Over a slightly broader window, the stock has hit the upper circuit in five out of the last six sessions. On Monday (April 13), the stock had traded at the upper circuit intraday before closing marginally lower, up about 4.6 percent. The ongoing rally has come despite persistent concerns around the airline’s financial position and recent legal developments. Last week, a UK court directed SpiceJet to pay about $8 million (around Rs 70 crore) to aircraft engine lessor Sunbird France 02 SAS over unpaid lease rentals and maintenance dues. - _**Share Markets Live Updates | Sensex, Nifty Today**_ The dues relate to unpaid rent from January 2022 and maintenance accruals dating back to November 2020, with the lessor having repossessed three engines between late 2022 and mid-2023. Following the ruling, lessors are expected to approach the Delhi High Court to seek enforcement of the order, which could add to the airline’s financial pressures. SpiceJet continues to operate under financial strain, with auditors having flagged concerns over its ability to continue as a going concern, citing sustained losses and a mismatch between liabilities and assets. The airline has also faced challenges including lease disputes, fleet constraints, and loss of market share to competitors such as Akasa Air. Despite the sharp recent rally, the longer-term trend remains weak. SpiceJet shares are still down about 70.7 percent over the past one year. Even after the latest gains, SpiceJet has significantly underperformed the benchmark Nifty 50, which has risen around 3.8 percent during the same period. On the other hand, the sustained upmove over the past nine sessions indicates strong momentum-driven buying interest in the stock. **Disclaimer** **Disclaimer:** _The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions._ ### Related Stocks - [IND.US](https://longbridge.com/en/quote/IND.US.md) - [1678.JP](https://longbridge.com/en/quote/1678.JP.md) - [JETS.US](https://longbridge.com/en/quote/JETS.US.md) - [NFTY.US](https://longbridge.com/en/quote/NFTY.US.md) ## Related News & Research - [Sugar Prices Erase Early Gains as USDA Projects a Sugar Surplus in India](https://longbridge.com/en/news/284809352.md) - [India’s carbon market gains traction](https://longbridge.com/en/news/284475083.md) - [Spirit Airlines Rescue Talks Stall As Lenders Push Back Against $500 Million Government Bailout: Report](https://longbridge.com/en/news/284504293.md) - [Low-Cost Airlines Scramble for $2.5B Govt Lifeline, Putting Stocks on Radar](https://longbridge.com/en/news/284182599.md) - [United’s Kirby plays down merger with a small airline, touts deal with American](https://longbridge.com/en/news/284621756.md)