Aviation stocks get hammered; Jet Airways hits 52-week low, SpiceJet, IndiGo tank up to 3%
Jet Airways plunged as much as 4.5 per cent to hit its 52-week low of Rs 359, while SpiceJet tanked to Rs 110.30, down 2.86 per cent. InterGlobe Aviation, which runs the low-cost airline IndiGo slipped 2 per cent to Rs 1143 on the BSE.
Rising oil prices hit the margins of airline companies. Image source: Reuters