SpiceJet Stock Hits 10% Lower Circuit Amid Reports of Large Block Deal

SpiceJet Share Price Plunges 10% Amid Block Deal Rumors

Market Overview In today's trading session, SpiceJet's share price declined by 10%, hitting the lower circuit on reports of a large block deal. The stock opened at ₹13.74 per share on the Bombay Stock Exchange (BSE) and slid to a day's low of ₹12.88.

Trading Volumes The trading volumes on the counter surged to almost 10 times the two-week average of 186.06 lakh shares, indicating significant investor interest. However, the buyers and sellers of the block deal were not disclosed.

Recent Business Updates SpiceJet has been experiencing a decline in its share price for the past seven consecutive sessions, shedding over 32% in value during this period. Despite this, the airline has shown signs of improvement in its domestic market position, with its market share more than doubling from 1.9% in September 2025 to 4.3% in December 2025.

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Capacity Expansion The company's recent business updates indicate a strong rebound in capacity, with a 56% expansion in capacity during Q3 supported by the induction of 16 aircraft. This has led to a wider network, improved schedules, and stronger passenger traction across key markets.

Future Plans SpiceJet plans to more than double its capacity during the year, targeting 220 crore Available Seat Kilometres by Winter 2026, while operating over 300 daily flights across its network.

Financial Performance The company reported a consolidated net loss of ₹261.38 crore for the December quarter, compared with a net profit of ₹20.43 crore in the same period last year. Total revenue from operations rose 14% year-on-year (YoY) to ₹1,408 crore in Q3FY26.

Share Price Trend SpiceJet's share price has remained under pressure across various time frames, with a decline of 23% in the past five sessions, 44.55% in a month, 64% in six months, and 73% in a year.

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