Kingfisher Airlines advances on bargain hunting

Meanwhile, the BSE Sensex was up 17.69 points, or 0.09%, to 19,684.28

On BSE, 25.53 lakh shares were traded in the counter as against an average daily volume of 59.90 lakh shares in the past one quarter.

The stock hit a high of Rs 14.04 and a low of Rs 13 so far during the day. The stock had hit a record low of Rs 7.01 on 13 August 2012. The stock had hit a 52-week high of Rs 30.90 on 7 February 2012.

The stock had underperformed the market over the past one month till 9 January 2013, falling 8.44% compared with the Sensex's 1.25% rise. The scrip had, however, outperformed the market in past one quarter, rising 12.08% as against Sensex's 4.65% rise.

The small-cap company has an equity capital of Rs 808.72 crore. Face value per share is Rs 10.

Shares of Kingfisher Airlines had declined 11.27% in five trading sessions to Rs 13.45 on 9 January 2013 from a recent high of Rs 15.16 on 2 January 2013.

Kingfisher Airlines had reported a net loss of Rs 753.55 crore in Q2 September 2012, higher than net loss of Rs 468.67 crore in Q2 September 2011. Net sales fell 87.1% to Rs 200 crore in Q2 September 2012 over Q2 September 2011.

Powered by Capital Market - Live News