Kingfisher Airlines is currently trading at Rs. 24.20, down by 0.05 points or 0.21% from its previous closing of Rs. 24.25 on the BSE.
The scrip opened at Rs. 24.90 and has touched a high and low of Rs. 25.60 and Rs. 23.10 respectively. So far 806796 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 49.25 on 07-Apr-2011 and a 52 week low of Rs. 17.55 on 11-Nov-2011.
Last one week high and low of the scrip stood at Rs. 28.05 and Rs. 21.40 respectively. The current market cap of the company is Rs. 1204.63 crore.
The promoters holding in the company stood at 58.61% while Institutions and Non-Institutions held 24.10% and 17.29% respectively.
The Vijay Mallya-led, Kingfisher Airlines is in discussion with two foreign carriers for a potential rescue package that could be announced within days. The company has secured provisional approval from the government for a change in the law that will ease restrictions on foreign ownership of Indian airlines.
Foreign airlines were interested to invest in Kingfisher as soon as a change in the law was announced. The change would allow overseas airlines to own up to 49% of an Indian carrier for the first time. One of the airlines involved in the talks is International Airlines Group, the owner of British Airways and Iberia.
Kingfisher Airlines has reported a net loss of Rs 444.27 crore for the quarter ended December 31, 2011, against net loss of Rs 253.69 crore for the corresponding period last fiscal. Total income declined by 19.07% to Rs 1342.33 crore during the quarter under review from Rs 1658.70 crore in the year-ago period.
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