BUZZ-India's SpiceJet hits over 11-year low after flight returns to Delhi after technical issue

Reuters02-24 16:11

** Shares of SpiceJet SPJT.BO fall as much as 8.5% to 14.51 rupees, the lowest level since December 2014

** Stock last down 7.6%, set to fall for sixth straight session

** The airline's spokesperson said the flight operating from Delhi to Leh on February 24 returned to Delhi after experiencing a technical issue

** The Boeing 737 flight carrying 150 passengers returned to Delhi due to an engine issue, news agency PTI reported, citing a source

** Trading vols at 15.8 million shares so far, 1.4x the 30-day average

** SPJT's RSI falls to 8.9, suggesting the stock might be oversold - according to data compiled by LSEG

** SPJT fell ~51% YTD vs 46.3% drop in 2025

(Reporting by Vijay Malkar)

((VijayDattaram.Malkar@thomsonreuters.com;))

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