Shares of SpiceJet continued to fall on Wednesday, declining 7 per cent to hit its one-year low level, amid multiple instances of its planes suffering technical glitches in recent weeks. The scrip tanked 7 per cent to hit its 52-week low of Rs 35 on the BSE.
SpiceJet shares opened at Rs 37.10 apiece after falling 2.33 per cent to close at Rs 37.65 on Tuesday, a day when its Dubai-bound plane was diverted to Karachi due to malfunctioning of the fuel indicator. In morning trade on Wednesday, shares of the airline were trading 2.66 per cent down at Rs 36.65 apiece.
The two episodes on a single day have taken the total number of technical malfunction incidents involving SpiceJet aircraft to seven in the last over a fortnight. According to officials of the Directorate General of Civil Aviation (DGCA), the aviation regulator is investigating all the seven incidents.
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