Kingfisher falls further as employees reject salary offer

Kingfisher Airlines dropped on Tuesday after the management's offer of payment of three months' salary has been rejected by a section of employees prolonging the 23 days impasse at the private airline.

The management, in a bid to revive operations of the suspended Kingfisher Airlines, had made the offer on Monday. Shares ofthe companyare trading at Rs 10.40, down Rs 0.5, or 4.59% at the Bombay Stock Exchange (BSE) on Tuesday at 11:14 a.m.The scrip has touched an intra-day high of Rs 10.40 and low of Rs 10.40. The total volume of shares traded at the BSE is 228,408.In the earlier session, the shares lost 4.8%, or Rs 0.55, at Rs 10.90. Currently, the stock is trading down 66.34% from its 52-week high of Rs 30.90 and above 48.36% over the 52-week low of Rs 7.01.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 12.00 (1.10) (9.17) 1 Month 13.12 (2.22) (16.92) 3 Months 9.91 0.99 9.99 6 Months 15.45 (4.55) (29.45) 1 Year 22.80 (11.90) (52.19) Note: Based on previous day closing price.