SpiceJet shares dive nearly 10 pc; hit 52-week low
Shares of SpiceJet tanked nearly 10 per cent in morning trade on Thursday, after the company was asked by aviation regulator DGCA to curtail its services by half for eight weeks.
The stock tanked 9.66 per cent to its 52-week low of Rs 34.60 on the BSE.
The slump in the SpiceJet counter assumes significance as the 30-share BSE benchmark was trading 733.21 points or 1.31 per cent higher at 56,549.53.
Aviation regulator DGCA on Wednesday ordered SpiceJet to operate a maximum of 50 per cent of its flights for eight weeks after several of its planes reported technical malfunction recently.
