SpiceJet hits 18-month low; stock down 23% thus far in 2022

The stock was quoting lower for the sixth straight day, down 6 per cent during this period.

Shares of SpiceJet continued to reel under pressure, hitting a 18-month low of Rs 52.30, down 1 per cent on the BSE in Thursday’s firm market. In comparison, at 11:10 am, the S&P BSE Sensex was up 1.4 per cent at 56,468 points.

The stock was quoting lower for the sixth straight trading day, down 6 per cent during this period. Thus far in calendar year 2022, it has underperformed the market by falling 23 per cent as compared to a 4.6 per cent decline in the benchmark index.

The BSE has sought clarification from Spicejet with reference