SpiceJet Stock Hits Upper Circuit for Fourth Straight Session; Shares Surge Over 21% in Four Days

SpiceJet shares continued their remarkable rally on Monday, April 13, 2026, hitting the 5% upper circuit for the fourth consecutive trading session amid strong buying interest and elevated trading volumes. The stock was locked at ₹12.88 in afternoon trade on the BSE, reflecting robust momentum despite the airline's persistent financial challenges and recent legal hurdles. This latest upper circuit extends the sharp four-day gain to approximately 21.4%. The rally marks a significant turnaround after a prolonged period of weakness, with the stock recovering from near its 52-week low of ₹9.53 earlier this month. Sustained investor interest has driven consecutive limit-up moves, even as the broader market remains cautious about the low-cost carrier's fundamentals. Key Highlights of the Rally Monday's Close (so far): Locked at ₹12.88 (up 5% from previous close of ₹12.27). Four-Day Performance: Strong consecutive upper circuits with heavy volumes. Recent Context: The surge follows a period of subdued performance, with the stock having traded as low as ₹9.53 in early April 2026.