A 200% rise in profit but Spicejet stock is down. Here's why
According to an analyst who wished not be quoted as it is against his company's policy, the Spicejet stocks went down as there were high expectations from the company's March-ended quarter. He said, "The fall in oil prices was supposed to increase the profits further and that has disappointed the markets."
SpiceJet Chairman and Managing director Ajay Singh during a press conference regarding SpiceJet's 10th anniversary celebrations in Gurgaon on June 6, 2015. Image Source: IANS