News for SpiceJet Limited (SPICEJET.BO)

The NSE Nifty index closed 207.36 points down at 24039.35

The NSE Nifty index was trading 345.66 points down at 23901.05

The NSE Nifty index closed 82.25 points down at 24246.7

SpiceJet share price: The scrip traded lower than the 5-day, 10-, 20-, 30-, 50-, 100-, 150-day and 200-day simple moving averages (SMAs).

The NSE Nifty index closed 307.95 points up at 23658.35

The NSE Nifty 50 and BSE Sensex pared gains around noon. The benchmark indices were trading 0.26% and 0.25% higher, respectively, as of 12:39 p.m. Gensol Engineering Ltd., IndusInd Bank Ltd., Mahanagar Telephone Nigam Ltd., SpiceJet Ltd., Tata Steel Ltd., and Transformers And Rectifiers (India) Ltd. were in the news around noon.

Buzzing Stocks Today, Stocks that will see action today: 17 March 2025 - Buzzing stocks: IndusInd Bank, Ola Electric, Kolte Patil, Infosys, SpiceJet, KPIT Tech, Shilpa Medicare, Brigade Enterprises, ideaForge, TCS, Wipro, JB Chem, Shilpa Medicare, AngelOne, Patanjali, Dalmia Cement, Tejas Networks

Ajay Singh, Managing Director and one of the promoters of SpiceJet has divested nearly 1% stake in the budget airline for Rs 52 crore through an open market transaction on Thursday. Singh sold over 1.15 crore shares, amounting to a 0.9% stake in Gurugram-based SpiceJet, according to the bulk deal data on the BSE.

Ajay Singh, one of the promoters and MD of SpiceJet, on Thursday divested nearly 1 per cent stake in the budget airline for Rs 52 crore through an open market transaction.

Shares of Oil marketing companies (OMCs) extended their gains for the fourth consecutive session on Thursday after crude oil prices plunged to six-month lows in the international markets, which boosted investor sentiments. Traders said the OMC stocks gained with crude oil prices hovering below $70 per barrel after OPEC-plus decision to increase output from April, a move which is expected to favour Indian refiners with added marketing margins on retail fuel.

Crude oil prices heavily influence OMCs, as crude is their main raw material. When crude prices rise, OMCs experience higher input costs, which can compress their gross refining margins (GRMs) if they cannot pass on the increased costs to consumers due to government-imposed price controls on petrol, diesel, and LPG.

Sensex and Nifty ended flat as gains in financial stocks offset auto losses. NBFC stocks surged, while wire and cable shares fell. SpiceJet, Waaree Energies declined despite positive earnings and regulatory concerns.

Stocks including Bharti Airtel, Dr Reddy's Labs, BEL, Ultratech, Adani Green, Tata Power, SpiceJet, Waaree Energies and Coforge will be in the spotlight on Thursday, February 26.

However, the meeting of the company's board of directors, through video conferencing, started at 1.30 pm and ended only at 11.50 pm on Tuesday, according to a filing made to BSE at 12.51 am on Wednesday. In the 2024 December quarter, the airline, which had been facing multiple headwinds, raised Rs 3,000 crore from qualified institutional investors.

SpiceJet Q3 results: Total revenue surged 35 per cent, driven by strong passenger demand, improved yields and enhanced operational efficiency.

Stocks including NTPC, LIC of India, ONGC, Biocon, SBI Life, UPL, Shree Cement, SBI Cards, IREDA and Welspun Corp will be in the spotlight on Tuesday, February 25.

Indian markets fell for the fifth straight session, with IT, energy, and metal stocks facing heavy selling. Analysts predict further correction, with Niftys support at 22,450 and resistance around 22,700, indicating short-term bearish sentiment.

The NSE Nifty index closed 14.21 points down at 22945.3

The NSE Nifty index was trading 19.66 points down at 22939.85