23-07-2025
SpiceJet shares jump 6% after Supreme Court rejects Rs 1,300 crore damages appeal by Kalanithi Maran, KAL Airways
Synopsis
SpiceJet shares jumped 6% after the Supreme Court dismissed a Rs 1,323 crore damages appeal by KAL Airways and Kalanithi Maran. Courts criticized their delay and concealment in the share transfer dispute. Despite the win, analysts remain cautious, with a consensus 'Sell' rating and Rs 36 target price.
