Kingfisher Airlines is currently locked at its upper circuit limit of Rs. 10.53, up by 0.50 points or 4.99% from its previous closing of Rs. 10.03 on the BSE.
The scrip opened at Rs. 10.38 and has touched a high and low of Rs. 10.53 and Rs. 10.29 respectively. So far 658586 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 28.05 on 22-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. 11.15 and Rs. 9.13 respectively. The current market cap of the company is Rs. 851.59 crore.
The promoters holding in the company stood at 35.83% while Institutions and Non-Institutions held 14.13% and 50.04% respectively.
Kingfisher Airlines, the cash-strapped carrier has reportedly started giving salaries to selective staff after a gap of almost two and half months. The sections of the staff, mainly airport staff, received their salaries for June 2012 on February 18, 2013. The monthly salary due for the airline is around Rs 20 crore and its staff members have not been paid regular salaries since June last year.
The airline had cleared some back wages in November last year with a promise of settling more wages, which was not fulfilled. The airline has over 4,000 people on its rolls.
In other development, United Breweries (Holdings), to accommodate further lending to debt-laden Kingfisher Airlines, has hiked the loan limit for the ailing carrier from Rs 300 crore to Rs 750 crore and reduced the investment limit from Rs 1,200 crore to Rs 750 crore, thus maintaining the overall limit of Rs 1,500 crore. The company has sought approval from its shareholders for the same.
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