Kingfisher Airlines rallies 4.6% as staff returns to work
26th October 2012 10:18 AM
Kingfisher Airlines (KFA), the Mallya group company, surged on Friday after it announced that all of its employees have agreed to resume work and report for duty immediately.
''All employees are now eagerly looking forward to working together in order to re-starting operations very soon. We will now finalize and present our resumption plan to the DGCA and hope to get their concurrence soon, '' the airline said.
Shares ofthe companyare trading at Rs 11.40, up Rs 0.5, or 4.59% at the Bombay Stock Exchange (BSE) on Friday at 9:31 a.m.The scrip has touched an intra-day high of Rs 11.40 and low of Rs 11.40. The total volume of shares traded at the BSE is 128,273.In the earlier session, the shares rose 4.81%, or Rs 0.5, at Rs 10.90. Currently, the stock is trading down 63.11% from its 52-week high of Rs 30.90 and above 62.62% over the 52-week low of Rs 7.01.Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 11.45 (0.55) (4.80) 1 Month 15.70 (4.80) (30.57) 3 Months 9.45 1.45 15.34 6 Months 15.35 (4.45) (28.99) 1 Year 23.65 (12.75) (53.91) Note: Based on previous day closing price.
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