Kingfisher Airlines has jumped 6% to Rs 9.7 after the company's Chairman Vijay Mallya gave guarantees worth Rs 5,904 crore for the carrier's loans and other liabilities in 2011-12, but did not get any commission for the same because of lenders' opposition.
According to reports, "While guarantees given by Mallya fell from Rs 6,156 crore in the previous year 2010-11, the guarantees provided by Kingfisher's holding and associate companies rose from Rs 8,863 crore to Rs 8,926 crore in this period."
The stock opened at Rs 9.20 and touched the high of Rs 10.09 in intra-day deals so far. As many as 5.9 million shares have changed hands on the BSE compared to 4.9 million shares which were traded daily in the past two weeks.
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