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SpiceJet hits 17-month low; stock down 31% in one month

The stock dipped 4% to Rs 76 on the BSE, trading at its lowest level since March 9, 2017.

SpiceJet aircraft, Mumbai airport
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A domestic SpiceJet aircraft is seen off the runway after it skidded off into the unpaved surface during heavy rains in Mumbai.

SI Reporter Mumbai
Shares of SpiceJet continued to remain under pressure, hitting a 17-month low of Rs 76, down 4% on the BSE in an otherwise firm market.

The stock of the budget carrier was trading at its lowest level since March 9, 2017. It has fallen 31% in past one month, as compared to 4% rise in the S&P BSE Sensex.

Thus far in the current calendar year, the share price of SpiceJet tanked 48% from Rs 146 levels, against 13% rise in the benchmark index. The stock hit an all-time high of Rs 156 on December 20, 2017 in intra-day