Kingfisher, SpiceJet shares plunge

Shares of Kingfisher Airlines plunged to their life-time low on Thursday, after the cash-strapped carrier said net loss more than trebled in the January-March quarter from the year-ago period. Kingfisher stock fell nearly five per cent to close at Rs 10.5 on the BSE.

SpiceJet shares also took a hard knock a day after it reported over four-fold increase in net loss for the January-March quarter. Its stock declined by 10.06 per cent to close at Rs 28.15. In comparison, larger rival Jet Airways’ stock fell just 0.43 per cent to Rs 314.95.