- Air Asia plan for launch of a low cost airline and we covered AirAsia Low Airline Impact in India here.
- AirAsia going to target Southern States initially and Spicejet has its forte in southern state.
- DMK withdraws from central govt.
Though Spicejet has denied it being dented due to AirAsia but stock price speaks for itself as its chart has been battered for past 2 months and this much time frame has only elapsed when first noises were heard regarding Tata and Airasia joint venture.
![Spicejet reasons for poor performance on stock market Spicejet reasons for poor performance on stock market](http://lh5.ggpht.com/-D71XSLytQYg/UV7OhluoPBI/AAAAAAAAWco/ENw3MtZ8g-s/Spicejet%252520reasons%252520for%252520poor%252520performance%252520on%252520stock%252520market%25255B10%25255D.png?imgmax=800)
Now enter in this stock only once it crosses above the level of 36.6 and remember to check our hot stock to make money in the stock market.