SpiceJet Shares Tumble 70% in a Year; Is a Turnaround Finally in Sight?
India, June 29 -- The shares of a Small-Cap company that specialises in low-cost passenger air transport and air cargo logistics, connecting domestic and international destinations, are in focus as they have crashed up to 70 percent in the last twelve months. In this article, let's explore if the worst is over for the stock or if it continues.
With a market capitalisation of Rs. 1,893.89 crores in the day's trade, the shares of Spicejet Ltd declined upto 2.5 percent, making a low of Rs. 12.37 per share compared to its previous closing price of Rs. 12.60 per share.
From Rs41.88 to Rs12.63: SpiceJet crashed drastically
SpiceJet has witnessed a sharp erosion in its stock value, reflecting continued financial stress and operational challeng...
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