Overview
- Shares dropped 10% to Rs 12.88 and hit the lower circuit as roughly 8.4% of equity changed hands in 17 block deals with trading volumes about 16 times the three-month average.
- The decline extended a seven-session losing streak and a near 25% weekly fall, leaving the stock down 44.55% over one month and 73.15% over one year.
- Stock exchanges sought clarification on reports that Bangladesh barred the airline from its airspace over dues, with SpiceJet’s formal response still pending.
- For Q3 FY26, the carrier reported a consolidated net loss of Rs 261.38 crore versus a Rs 20.43 crore profit a year earlier, even as revenue rose 14% to Rs 1,345.46 crore.
- SpiceJet highlighted a 56% capacity expansion with 16 aircraft and domestic market share rising to 4.3% in December, yet analysts remain bearish and warn of downside toward Rs 12–10 or even Rs 8.8.