The SpiceJet share price hits 5% yet again. And this time, it’s not just a one-day spike.
For the third straight session on April 10, the stock locked in its 5% upper circuit, catching the attention of market participants. What’s interesting is the timing. This surge is happening even as the airline faces a ₹70 crore setback from a UK court.
So, what’s really going on here?
Let’s break it down in a simple, real way.
Market Performance: SpiceJet Share Price Hits 5% Despite Pressure
The headline says it all — SpiceJet share price hits 5% for the third consecutive trading session.
- The stock touched ₹12.27 per share on BSE (upper circuit)
- It has gained 15.6% in just 3 sessions
- April rally so far stands at 26%
- In contrast, March saw a sharp 39% fall
But zoom out a little, and the picture changes:
- Still 78% below its 52-week high of ₹56.80 (April 2025)
- Recently hit a 52-week low of ₹9.53 on April 2, 2026
- Down 55% in 3 months
- Down 72% in 1 year
- Wealth erosion of 83% over 5 years
This tells a clear story — the current rally is sharp, but the broader trend has been under pressure.
Main News: UK Court Orders ₹70 Crore Payment
Even as SpiceJet share price hits 5%, a major legal development is unfolding.
A UK Commercial Court in London has ruled against the airline.
Key Highlights of the Court Order:
- Directed SpiceJet to pay $8 million (~₹70 crore)
- Case filed by Sunbird France 02 SAS
- Related to:
- Unpaid lease rentals from January 2022
- Maintenance dues from November 2020
The court made a strong observation:
- The airline had no realistic chance of defending the claim
- It did not participate in proceedings, despite multiple chances
What Led to This Situation?
- Default notices were issued in July 2022
- The lessor repossessed 3 engines between late 2022 and mid-2023
Now, the next step could add more pressure:
- Lessors may approach the Delhi High Court to enforce this order
Company Situation: Ongoing Financial Strain
Even as the SpiceJet share price hits 5%, the company continues to deal with deeper challenges.
- Ongoing balance sheet stress
- Concerns raised about its ability to continue operations
- Issues due to:
- Past losses
- Gap between liabilities and assets
There are also industry-level pressures:
- Impact from Boeing 737 MAX grounding
- Disruptions caused by the COVID-19 pandemic
- Loss of market share to competitors like Akasa Air
All of this adds context to why the stock has struggled over the long term.
SpiceJet Q3 Results 2026: Numbers Tell a Mixed Story
The latest quarterly numbers add another layer to the story.
Revenue
- ₹1,408 crore
- Up 13.8% YoY from ₹1,237 crore
Net Profit / Loss
- Net loss of ₹261 crore
- Compared to profit of ₹20.4 crore last year
EBITDA
- EBITDA loss of ₹128 crore
- Wider than last year’s ₹81 crore loss
What This Means
- Revenue is improving
- But costs are still high
- Losses have widened again
So, while the top line is growing, profitability remains under pressure.
Why SpiceJet Share Price Hits 5% — The Real Reason
Now comes the key question.
If challenges are so visible, why does the SpiceJet share price hit 5% repeatedly?
The answer lies in value buying.
After a steep correction:
- Investors are stepping in at lower levels
- Short-term momentum is building
- Sharp falls often trigger quick rebounds
But this doesn’t change the underlying situation.
Summary: Sharp Rally, But Bigger Picture Still Matters
The recent movement where the SpiceJet share price hits 5% for three sessions is clearly momentum-driven.
Here’s the full picture:
- Short-term rally of 15.6% in 3 days
- Strong bounce of 26% in April
- But long-term losses remain deep
- Legal setback of ₹70 crore adds pressure
- Financial performance still under stress
In simple terms — the stock is bouncing, but the business is still navigating challenges.
And that’s what makes this story worth watching closely.
