SpiceJet hits 17-month low; stock down 31% in one month

The stock dipped 4% to Rs 76 on the BSE, trading at its lowest level since March 9, 2017.

Shares of SpiceJet continued to remain under pressure, hitting a 17-month low of Rs 76, down 4% on the BSE in an otherwise firm market.

The stock of the budget carrier was trading at its lowest level since March 9, 2017. It has fallen 31% in past one month, as compared to 4% rise in the S&P BSE Sensex.

Thus far in the current calendar year, the share price of SpiceJet tanked 48% from Rs 146 levels, against 13% rise in the benchmark index. The stock hit an all-time high of Rs 156 on December 20, 2017 in intra-day