Shares of SpiceJet hit the upper circuit for the third consecutive session on Friday, showing strong investor confidence despite a legal setback in the United Kingdom. The stock rose 5% to ₹12.27, recovering from early losses during morning trade.
The rally came even as a UK court directed the airline to pay around $8 million (approximately ₹70 crore) to an aircraft engine lessor. Despite this development, market sentiment remained positive, with investors focusing on the airline’s improving financial outlook.
SpiceJet’s recent stock surge reflects optimism around its restructuring efforts and operational recovery. Analysts suggest that the market may have already factored in legal challenges, allowing the stock to maintain upward momentum.
The airline continues to navigate financial and legal hurdles while working towards stabilizing operations, with investors closely watching its next moves in the competitive aviation sector.