Kingfisher Airlines was locked at 5% upper circuit at Rs 6.52 at 9:25 IST on BSE, with the stock extending recent sharp surge.
Meanwhile, the S&P BSE Sensex was almost flat at 19,895.55.
On BSE, 24.68 lakh shares were traded in the counter as against average daily volume of 12.87 lakh shares in past two weeks.
The stock hit a low of Rs 6.30 so far during the day.
Shares of Kingfisher Airlines have rallied 43.92% in five trading days from a recent low of Rs 4.53 on 20 September 2013.
The company's Chairman Vijay Mallya said on Tuesday, 24 September 2013, that the company is in talks with a foreign investor for a potential stake sale. Kingfisher Airlines has been grounded since October 2012 for want of cash. Its flying licence was suspended in December 2012.
Kingfisher Airlines reported net loss of Rs 1156.91 crore in Q1 June 2013, higher than net loss of Rs 650.79 crore in Q1 June 2012.
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