NEW DELHI: Shares of Spicejet slipped 8 per cent and a hit a intra-day low of Rs 72.50 on Wednesday morning on fears that grounding of Boeing 737 MAX aircraft will hurt the airline’s revenue and profitability.
The shares of the airlines had closed at Rs 78.80, down 5.29 per cent yesterday.
The scrip hovered at Rs 74.85, down 5.01 per cent at around 09:37 am, while the benchmark BSE Sensex was up 0.23 per cent at 37,623.46.
India has grounded Boeing 737 MAX being operated by airlines in the country after about 15 countries banned the aircraft following two deadly accidents within a span of five months.
