SpiceJet, InterGlobe Aviation shares dive for 7th consecutive day
Shares of SpiceJet and InterGlobe Aviation tumbled up to 46 per cent in the past week as the airline industry remains hit by poor demand in view of the coronavirus outbreak.
SpiceJet stock plunged 46.25 per cent in seven trading sessions and is now at its 52-week low of Rs 34.10 on the BSE. On Thursday, it plunged 9.91 per cent at close.
Shares of IndiGo’s parent InterGlobe Aviation dived 25.16 per cent in seven days. On Thursday, it fell 4.56 per cent to close at Rs 908.85.
The airline industry is one of the worst hit sectors by the outbreak. Country’s largest carrier Indigo has announced pay cuts and debt-laden Air India too is considering a similar step.
