SpiceJet Share Price Today: 18 August 2023
As of 11:30 AM IST on August 18, 2023, SpiceJet share price is trading at 32.21 INR, down 3.94% from its previous closing price of 33.53 INR. The stock has been on a downward trend in recent months, and is currently trading below its 52-week high of 43.39 INR.
There are a few reasons for the decline in SpiceJet’s share price. First, the broader market has been under pressure in recent months, as investors have become more cautious about the global economy. Second, there are concerns about SpiceJet’s financial performance. The company reported a net loss of INR 310 crore in the first quarter of 2023, and has been struggling to raise funds. Third, the company has been facing some operational challenges, such as delays and cancellations of flights.
Despite the recent decline, SpiceJet is still a well-known and respected brand in the Indian aviation industry. The company has a strong network of domestic and international flights, and is a popular choice for budget travelers. If the company can address its financial and operational challenges, its share price could rebound in the future.
However, it is important to note that the share market is volatile and prices can fluctuate significantly. Therefore, it is important to do your own research before investing in any stock.