A sharp increase in crude oil prices to over $115 per barrel has led to a significant drop in shares of IndiGo, SpiceJet, and Asian Paints.
Shares of SpiceJet crashed 10 per cent on Wednesday, hitting the lower circuit after heavy block deals on the BSE triggered massive selling in the counter.
SpiceJet shares hit an 11-year low, crashing 10% after significant block deals. Explore the reasons behind the massive sell-off and its impact on the airline`s future.
SpiceJet: On the earnings front, the budget carrier reported a consolidated net loss of Rs 261.38 crore in the December-ended quarter compared to a net profit of Rs 20.43 crore in the year-ago period.
Mumbai: Shares of SpiceJet fell sharply by 10 per cent on Wednesday and hit the lower circuit at Rs 12.88 on the BSE. This is ...