Kingfisher Airlines trades jubilantly on getting NOC from oil companies

16 Jan 2013

Kingfisher Airlines is currently trading at Rs. 14.72, up by 0.65 points or 4.62% from its previous closing of Rs. 14.07 on the BSE.

The scrip opened at Rs. 14.85 and has touched a high and low of Rs. 15.00 and Rs. 14.00 respectively. So far 4932537 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 30.90 on 07-Feb-2012 and a 52 week low of Rs. 7.01 on 13-Aug-2012.

Last one week high and low of the scrip stood at Rs. 15.45 and Rs. 12.45 respectively. The current market cap of the company is Rs. 1188.82 crore.

The promoters holding in the company stood at 35.83% while Institutions and Non-Institutions held 15.61% and 48.56% respectively.

In a bit of relief, beleaguered Kingfisher Airlines has been given a ‘no objection certificate’ (NOC) from oil companies and some aircraft leasing companies to restart operations. Meanwhile, the airline, which lost its operating licence at the end of 2012, has been grounded since the start of October and up till now has not secured approval from airports to fly again.

Kingfisher, which owes a debt of $2.5 billion to banks, staff, vendors and others, has submitted a $119 million revival plan with the Directorate General of Civil Aviation (DGCA) on December 24, 2012, which failed to specify when the airline will restart operations.

However, recently, the employees, in Delhi, sought closure of the cash-strapped carrier by initiating legal proceedings against the company. Employees of debt laden carrier have demanded clearing of salary dues by selling company’s assets.

Related Kingfisher Airlines Ltd. Links:
1 Year Price Chart
Peers
Company Name CMP
Interglobe Aviation 1694.70
Hindustan Aeron 983.20
Spice Jet 69.90
Global Vectra Helico 42.10
Jet Airways (I) 89.70
View more..
Sensex vs Kingfisher Airlines
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback