SpiceJet share price extends 6-days losing streak, dips 19% today; here's what investors should know4 min read 23 May 2023, 03:25 PM IST
Low-cost SpiceJet carrier witnessed a heavy selling pressure on the 18th year of its anniversary. Despite the airline announcing major plans of adding additional flights, bringing back the grounded 25 plans and also declaring a new sale, yet investors held a profit booking.
Share price of low-cost carrier SpiceJet nosedived on Tuesday hitting a fresh 52-week low. Overall, the stock has dived by a little over 19% on BSE. SpiceJet has been in a conundrum of insolvency proceeding by the lessor, losing market share, grounded aircraft, and being cash-trapped. And despite the troubled-days, SpiceJet is celebrating its 18 glorious years of flying high in the Indian skies.
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