Bengaluru, March 17 -- The shares of this air transport services provider came into focus in Monday's trading session after the promoter sold over 1 percent stake in the company for Rs 52.3 crore.

Stock Performance

With a market capitalization of Rs 5,955.99 crore, SpiceJet Ltd fell over 2 percent and made an intraday low of Rs 44.15 per share compared to its previous closing price of Rs 45.48 per share. The shares reiterated from the day's low and were trading at Rs 46.47 which is 2 percent higher than the previous close.

What Happened

Spicejet's chairman and managing Director Ajay Singh sold over 1 crore equity shares that represent a 0.9 percent stake in the company on March 13. These shares were sold at an average of Rs 45.34 each...