SpiceJet shares bounce back amid value-buying; settle over 2% higher
Shares of SpiceJet bounced back on Wednesday, rising more than 2 per cent amid value-buying at lower levels in tandem with a positive trend in the equity market.
Since Monday, the scrip has been on a downward trend amid multiple instances of its planes suffering technical glitches in recent weeks.
The scrip, which tanked 7 per cent to hit its 52-week low of Rs 35 during the day on the BSE, later recovered all the lost ground and climbed 2.12 per cent to settle at Rs 38.45 apiece.
It jumped 6.24 per cent to Rs 40 during the trade on Wednesday after opening at Rs 37.10 apiece.
