Falling for the fifth consecutive day, SpiceJet shares declined over 3 per cent on Friday.
The scrip dropped 3.32 per cent to close at Rs 96 on the BSE. During the day, it tanked 3.62 per cent to Rs 95.70.
A total of 4.64 lakh shares were traded on the during the day.
In five days, the scrip has fallen by nearly 8 per cent.
No-frills carrier SpiceJet on Friday said it has grounded three Boeing 737 freighter aircraft due to a "potential defect".
On Monday, Boeing had said it would temporarily suspend production of its globally grounded 737 MAX jets next month as safety regulators delay the aircraft's return to the skies.
SpiceJet has been mainly betting on fuel-efficient MAX planes as it continues to expand operations.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app