SpiceJet Stock

Indigo and SpiceJet shares must surpass these key hurdles to embark on a new trend.

The airline has raised Rs 210 crore from the government's Emergency Credit Line Guarantee Scheme (ECLGS) this year

Shares of SpiceJet on Tuesday climbed nearly 2 per cent after the company entered into a settlement with aircraft lessor Goshawk Aviation and its affiliated entities.

SpiceJet shares, which have fallen nearly 24% so far this year, posted a record intra-day jump in early trade on Wednesday

The scrip rose 3.65 per cent to end the day at Rs 38.30 apiece on BSE and during intra-day trade, it jumped 4.73 per cent to Rs 38.70.

A SpiceJet Q400 aircraft scheduled to fly from Mumbai to Kandla aborted take off 'owing to illumination of a caution alert', the airline said in a statement

A settlement with Boeing on 737 Max on outstanding claims last November was a positive trigger for the stock

Jet Airways has crossed the 200-weekly moving average (WMA) for the first time since mid-2018, a period of almost 4 years, which indicates an underneath positive bias

Stocks to Watch Today: Tata Steel has announced a 46.8 per cent jump in Q4 net, and also announced a 10:1 stock split; LIC's Rs 21,000 crore IPO opens today.

Steel stocks are likely to be in limelight following reports of price hike in April.

Both, Indigo and SpiceJet had broken major key levels; For reversal to take place these stocks need to conquer near-term hurdles and show sustainability.

Rate sensitive shares are likely to be in focus owing to the RBI policy meet outcome

InterGlobe Aviation, the parent firm of IndiGo airlines, hit a 52-week high at Rs 2,155 and has rallied 9 per cent on the BSE in intra-day trade on hopes of positive future prospects.

Analysts say the move will remove key overhangs from SpiceJet's stock and suggest investors 'hold' it in their portfolios

On the contrary, broader indices underperformed and ended mildly lower

SpiceJet Q1 result: SpiceJet currently sits on a debt pile of approximately Rs 3,000-3,500 crore, of which Rs 1,000 crore is on the balance sheet and Rs 2,000-2,500 crore is from the deferred leases

India has suspended all flights to and from the UK till December 31 to prevent the new aggressive strain of the novel coronavirus from entering the country

A convincing trade in IndiGo above Rs 1,800 levels may see a rally towards Rs 2,200

In the past three months, SpiceJet has underperformed the market by gaining 4 per cent, against 16 per cent rally in the S&P BSE Sensex

The Delhi High Court has asked the airline to deposit an additional Rs 243 crore in connection with a share-transfer dispute with ex-promoter Kalanithi Maran, owner of Sun group