Spicejet tanks over 6% on disappointing March quarter numbers

Posted By: Religare
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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.

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