Kingfisher plunges almost 4% on failure to resolve deadlock

Kingfisher Airlines plunged on Thursday after company said that, it will have to extend the October 20 deadline it had set for itself to resume operations, as a meeting with the striking employees on Wednesday failed to resolve the deadlock.

On October 10, the airline had said it would resume operations from October 20. Airline chief executive Sanjay Agarwal told this reporter after a meeting with the employee representatives in Mumbai on Wednesday evening.Shares ofthe companyare trading at Rs 12.10, down Rs 0.5, or 3.97% at the Bombay Stock Exchange (BSE) on Thursday at 11:17 a.m.The scrip has touched an intra-day high of Rs 12.40 and low of Rs 12.00. The total volume of shares traded at the BSE is 2,694,354.In the earlier session, the shares climbed 5%, or Rs 0.6, at Rs 12.60. Currently, the stock is trading down 60.84% from its 52-week high of Rs 30.90 and above 72.61% over the 52-week low of Rs 7.01.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 11.45 1.15 10.04 1 Month 13.45 (0.85) (6.32) 3 Months 10.56 2.04 19.32 6 Months 18.85 (6.25) (33.16) 1 Year 23.45 (10.85) (46.27) Note: Based on previous day closing price.