Kingfisher stock hits historic low on recovery worries

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts
    Kingfisher stock hits historic low on recovery worries
    Shares in Kingfisher Airlines hit a historic low of Rs 6.87 on renewed worries of a revival plan for the company. This is the lowest level ever the stock has hit as investors remain worried that the increased delay in revival would ensure that debt mounts, which could lead to virtual bankruptcy of the airlines.
     

    The Kingfisher Airlines stocks hit a 52-week high in December last year as hopes grew of a recovery and on rumours that Etihad was keen to pick a stake in the company.

    However, over the last few months the problems at the company have aggravated with staff not receiving salaries and banks even asking the company to sell-off assets to clear dues.

    GoodReturns.in

    Read more about: kingfisher
    Story first published: Tuesday, April 16, 2013, 10:24 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more