Counter gains nearly 80% so far this month
Vijay Mallya promoted Kingfisher Airlines (KFA) may still be grounded but its shares have taken a strong take off so far this month.
At a time when key benchmark indices slipped, counter of KFA has gained a whopping 80% in September.
Ever since Mallya said he was still working on a deal to finance the debt-laden airline with a foreign player, shares of KFA are continuously hitting upper circuit on the stock exchanges.
Currently, the stock is trading at Rs 6.21 or 9.91% up on the BSE.
Though market participants are wary about the company, speculators seem to rushing in to buy the rising counter.
Vijay Mallya promoted Kingfisher Airlines (KFA) may still be grounded but its shares have taken a strong take off so far this month.
At a time when key benchmark indices slipped, counter of KFA has gained a whopping 80% in September.
Ever since Mallya said he was still working on a deal to finance the debt-laden airline with a foreign player, shares of KFA are continuously hitting upper circuit on the stock exchanges.
Currently, the stock is trading at Rs 6.21 or 9.91% up on the BSE.
Though market participants are wary about the company, speculators seem to rushing in to buy the rising counter.
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