The stock opened Rs 47.80 and surged to a high of Rs 51.80 - up 11.5%. Finally the stock ended with a gain of 7% at Rs 49.60. The counter witnessed heavy volumes of 3.52 million shares as against its two week daily average trade of 1.66 million shares.
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(Updated at 1130 hrs)

Kingfisher is trading at Rs 47, stronger by Rs 1 or 2%, on the BSE.

BSE  |  NSE Price

Also Read   Related Stories News Now - Kingfisher, BPCL resolve pending dues - Kingfisher to lay off nearly 100 pilots - Kingfisher posts loss of Rs 418 cr - Kingfisher Airlines net declines 13% at Rs 418 cr - Aviation industry sees 20% less aircraft acquisition - 'Full-service airline costs are double ours'   Also Read   Related Stories News Now - Sensex makes remarkable recovery, regains 17K - L N Mittal doubles his stake in Ophir Energy - Indian handicraft firms to participate in Munich fair - Microsoft eyes Indian smartphone mkt - RIL Hazira unit bags 'Excellent Energy Efficient Unit Award' More

The Vijay Mallya-owned Kingfisher Airlines has resolved its long-pending aviation turbine fuel (ATF) payment dispute with Bharat Petroleum through an out-of-court settlement.

The airline will pay Rs 40 crore within 12 days and the rest in instalments within a year. The total dues are Rs 314 crore and the airline will also pay interest on this, said a BPCL official.

The airline was not getting any supply from BPCL for the past six months due to non-payment of dues.

Other Stories      - Sensex makes remarkable recovery, regains 17K - L N Mittal doubles his stake in Ophir Energy - Indian handicraft firms to participate in Munich fair - Microsoft eyes Indian smartphone mkt - RIL Hazira unit bags 'Excellent Energy Efficient Unit Award' More

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