Kingfisher Airlines plunges 8%
27th June 2012 03:18 PM
Kingfisher Airlines plunged on Wednesday after media reports quoted that lessors have taken back a number of planes because the company had reportedly defaulted on lease rentals. Shares ofthe companyare trading at Rs 12.31, down Rs 1.12, or 8.34% at the Bombay Stock Exchange (BSE) on Wednesday at 1:58 p.m.
The carrier confirmed that the company had returned some aircraft, but denied that the move was over a default in payments.The scrip has touched an intra-day high of Rs 13.50 and low of Rs 11.62. The total volume of shares traded at the BSE is 8,906,200.In the earlier session, the shares declined 1.47%, or Rs 0.2, at Rs 13.43. Currently, the stock is trading down 70.19% from its 52-week high of Rs 41.30 and above 22.49% over the 52-week low of Rs 10.05.Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 13.76 (0.33) (2.40) 1 Month 12.40 1.03 8.31 3 Months 16.65 (3.22) (19.34) 6 Months 21.05 (7.62) (36.20) 1 Year 39.50 (26.07) (66.00) Note: Based on previous day closing price.
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