25
Feb
SpiceJet Shares Drop Ten Percent, Reaching Eleven-Year Low with Block Deals and Operational Issues, Highlighting New Broader Challenges at the Aviation Sector in India
SpiceJet Shares Drop Ten Percent, Reaching Eleven-Year Low with Block Deals and Operational Issues, Highlighting New Broader Challenges at the Aviation Sector in India On Wednesday, the shares of SpiceJet witnessed a sharp decline of 10%, touching a 11-year low of Rs 12.88 on the Bombay Stock Exchange (BSE). This major decline comes after a rise in block deals, which generated massive selling pressure in the stock. This decline also reflects the growing concerns about the financial stability and efficiency of the airline, as well as the challenges being faced by...