SpiceJet share price hits 10% lower circuit after block deal reports. Do you own?
Low-cost carrier SpiceJet share price slid 10%, hitting the lower circuit in Wednesday’s trading session on reports of a large block deal. The stock opened at ₹13.74 apiece on BSE in the early morning session today, as compared to the previous close of ₹14.31 on Tuesday. Thereafter, the airline stock slumped to the day’s low of ₹12.88.
According to a CNBC TV18 report, around 8.4% or 15 crore equity shares changed hands via multiple block deals, pressuring the stock. However, the buyers and sellers of the transaction were unknown. The trading volumes on the counter were almost 10 times higher than the two-week average of 186.06 lakh shares.
