Kingfisher recovers on hope employees will return to work

Kingfisher Airlines (KFA), the Mallya group company, climbed 4% on Thursday as the company hopes striking workers will return to work after the debt-ridden carrier.

The debt-ridden carrier offered to pay three months of wages by November 13.

Shares ofthe companyare trading at Rs 10.85, up Rs 0.45, or 4.33% at the Bombay Stock Exchange (BSE) on Thursday at 11:54 a.m.The scrip has touched an intra-day high of Rs 10.90 and low of Rs 9.90. The total volume of shares traded at the BSE is 6,921,513.In the earlier session, the shares fell 4.59%, or Rs 0.5, at Rs 10.40. Currently, the stock is trading down 64.89% from its 52-week high of Rs 30.90 and above 54.78% over the 52-week low of Rs 7.01.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 12.60 (2.20) (17.46) 1 Month 13.37 (2.97) (22.21) 3 Months 9.67 0.73 7.55 6 Months 15.15 (4.75) (31.35) 1 Year 23.20 (12.80) (55.17) Note: Based on previous day closing price.