Aviation shares under pressure; SpiceJet hits 52-week low, IndiGo slips 4%

IndiGo has placed four of its crew members under home observation to check the spread of coronavirus

Shares of aviation companies were under pressure on Wednesday, falling upto 8 per cent on the BSE, on concerns that the industry may face risks from the coronavirus outbreak.

Among individual stocks, SpiceJet slipped 8 per cent to Rs 68.60, its lowest level since October 11, 2018 on the BSE. Thus far in calendar year 2020 (CY20), the stock has tanked 39 per cent, as compared to 6 per cent decline in the S&P BSE Sensex in the same period.

Shares of InterGlobe Aviation, parent of the country's largest airline IndiGo, dipped 4.6 per cent to Rs 1,173