SpiceJet Shares Plunge 10% to Lower Circuit After Massive 8.4% Block Deal
Shares of SpiceJet suffered a sharp fall today as the stock tumbled about 10% to hit the lower circuit on the BSE following a heavy block deal that traded roughly 8.4% of the airline’s equity. The drastic move sent the counter to its lowest levels in more than a decade and widened losses over consecutive sessions as investors reacted to the large block transactions and profit-taking pressures.
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