SpiceJet Shares Plummet In The Middle Of Block Offer Reports
SpiceJet (SPICEJET.BO) shares toppled 10 % on Wednesday, striking the reduced circuit after reports of a considerable block bargain. Trading volumes surged, exceeding the two-week standard by significantly.
- Share Drop: Stock was up to 12 88 after opening up at 13 74 on the BSE.
- Block Deal: About 15 crore shares (8 4 % equity) reportedly transformed hands. Customers and sellers continue to be unrevealed.
- Financials: Q 3 FY 26 saw a net loss of 261 38 crore, regardless of a 14 % YoY profits rise to 1, 408 crore.
- Efficiency: The stock has declined over 32 % in the last seven sessions.
