MUMBAI: Shares of SpiceJet crashed 10 per cent on Wednesday, hitting the lower circuit after heavy block deals on the BSE triggered massive selling in the counter.
Nearly 8.4 per cent of the airline’s equity changed hands during the session, according to media reports.
Around 128.6 million shares were traded through 17 block deals, making it one of the most active stocks of the day.
Trading volumes were more than 16 times the three-month full-day average -- indicating intense activity and strong selling pressure.