Live Markets »News & Advice»Most Read»Most Read Details
Most Read Details
Back

Shares of KFA grounded

BS Reporter/ 17 Jul 12 | 12:37 AM
 Kingfisher Airlines Ltd
tradenow

BSE   28 Jul 14 | 12:00 AM

3.07  0.05 (1.66%)

NSE   28 Jul 14 | 12:00 AM

3.10  0.1 (3.33%)

Shares of Vijay Mallya-promoted Kingfisher Airlines (KFA) closed below their face value on the stock exchanges for the first time, hitting a new low on Monday. On the Bombay Stock Exchange, the stocks closed at Rs 9.94, down 3.8 per cent against its previous close, bringing it below the face value of Rs 10 a share.

Kingfisher, once India’s second largest airliner, is struggling over the last three quarters to remain operational. Burdened with an overall debt of around Rs 7,000 crore, a majority of its aircraft is grounded at the country’s several airports. On top of it, consistent strikes by pilots have made matters worse for the company, which has been unable to pay employees’ salaries for months now.

Related Stories

    No Related Stories Found

Sensex

Company Price Gain (%)
Hind. Unilever686.453.69
Sun Pharma.Inds.789.701.33
B H E L229.501.17
Wipro555.100.86
Dr Reddy`s Labs2,766.700.76

Poll

Is L&T seen the top pick post the new infra lending norms by RBI?


Online Portfolio

You can create Online Portfolio here using the below button.