SpiceJet hits upper circuit again; stock extends rally to 42% in 9 sessions

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.