Kingfisher stock up 14 pc as employees withdraw agitation

April 03, 2012 14:27

After those truly amazing photographs, prosaic news that the shares of Kingfisher Airlines rebounded from record lows and surged over 14 per cent in the afternoon trade as the standoff between the management and employees, agitating over delayed salaries, ended today.

The protesters accepted the assurance given by the beleaguered carrier's promoter Vijay Mallya and decided to withdraw the agitation from tomorrow.
Following this, the stock saw a spike of 14.56 per cent to Rs 17.30 on the BSE. At the NSE also, the scrip surged 14.61 per cent to a high of Rs 17.25.
In the previous trade, Kingfisher had slumped about 9 per cent to Rs 14.95.

« Back to LIVE

TOP STORIES

Polling officials trek 18 km through dense forest for elderly tribal's vote

In the tribal village of Edamalakkudy, nestled deep within this hill district's lush forests, lives 92-year-old Sivalingam. Despite his age and being bedridden, Sivalingam's determination to vote remains strong.

In Pictures - Rajini, Jaggi Vasudev vote as world's largest polls begin

Here are some of the famous faces queued up to get ink mark on their fingers.

Khwabon Ki Rani Mirnalini

The Romeo actor has mastered the art of making each outfit look stylish.

10 Tips To Sleep On Time

When you watch TV or browse through your phone while in bed, you're teaching your brain that's how people should spend their nights, says Clinical Psychologist Mehezabin Dordi.

Why Adil Hussain And Sandeep Vanga Reddy Are At War

When Adil Hussain declared that he regretted starring in Sandeep Vanga Reddy's Kabir Singh, he didn't know what he was getting into.