For Quick Alerts
Subscribe Now  
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Spicejet tanks over 6% on disappointing March quarter numbers

By Religare
|

Shares of Spicejet, an Indian low-cost airline owned by the Sun Group, slipped over 6 per cent in early trade on Bombay Stock Exchange (BSE) on posting lower-than-estimated March quarter earnings numbers.

The domestic carrier posted a massive Rs186-crore loss for the quarter ended March 31, 2013, surprising analysts who expected the airline to break even.

Reacting to numbers, shares of company declined as much as 6.60 per cent to trade at Rs 35.30 a piece on the BSE.

 

Meanwhile, the broader benchmark Sensex was quoting at 19,796.52, up 92.19 points or 0.47 per cent at 9:40 hours.

Read more about: spicejet
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more