Is SpiceJet Finally on the Path to Recovery?

A Look at Settlements, Fund Infusions, and Fleet Expansion in Its Turnaround Effort

Spice Jet has been seeing a flurry of activities of late. But first off, let’s look at its technicals:

In the weekly chart below, you may notice that the stock is taking support at the trend line, which also happens to be near the 50 and 100 weekly EMA.