SpiceJet hits 18-month low; stock down 23% thus far in 2022
Shares of SpiceJet continued to reel under pressure, hitting a 18-month low of Rs 52.30, down 1 per cent on the BSE in Thursday’s firm market. In comparison, at 11:10 am, the S&P BSE Sensex was up 1.4 per cent at 56,468 points.
The stock was quoting lower for the sixth straight trading day, down 6 per cent during this period. Thus far in calendar year 2022, it has underperformed the market by falling 23 per cent as compared to a 4.6 per cent decline in the benchmark index.
The BSE has sought clarification from Spicejet with reference to the media report appearing on May 02, 2022 titled “2 SpiceJet passengers in ICU after turbulence, crew off roster for probe”. The reply is awaited.
