SpiceJet shares hit an 11-year low, crashing 10% after significant block deals. Explore the reasons behind the massive sell-off and its impact on the airline`s future.
Shares of SpiceJet crashed 10 per cent on Wednesday, hitting the lower circuit after heavy block deals on the BSE triggered massive selling in the counter.
A SpiceJet flight to Leh returned to Delhi after an engine issue. Around 150 passengers safely disembarked, the airline said.
SpiceJet: On the earnings front, the budget carrier reported a consolidated net loss of Rs 261.38 crore in the December-ended quarter compared to a net profit of Rs 20.43 crore in the year-ago period.
Mumbai: Shares of SpiceJet fell sharply by 10 per cent on Wednesday and hit the lower circuit at Rs 12.88 on the BSE. This is ...