Nuvama Cuts SpiceJet Share Price Target, Stock Tanks About 7%

The firm raised concerns about the airline’s lack of transparency in financial data, a sharp 41 per cent drop in available seat kilometres (ASKM) year-on-year (YoY), and the fact that 30 per cent of its aircraft remained grounded in the second quarter. The firm raised concerns about the airline’s lack of transparency in financial data, a sharp 41 per cent drop in available seat kilometres (ASKM) year-on-year (YoY), and the fact that 30 per cent of its aircraft remained grounded in the second quarter.  Zee News :Business