Kingfisher shares nosedive after licence suspension

October 22, 2012 11:44

Kingfisher Airlines stock fell nearly 5 per cent today to touch the lower circuit limit after its flying licence was suspended by the DGCA late last week. The scrip of the financially-troubled company was down 4.8 per cent and hit the lower circuit limit of Rs 10.90 soon after the opening trade on the BSE.

Similar was the trend at the NSE, where the stock plunged 4.82 per cent to Rs 10.85. Kingfisher Airlines on Friday lost its license to fly with aviation regulator DGCA suspending it with immediate effect.

Meanwhiile, employees hope that Vijay Mallya turns up for the Grand Prix in Delhi so that they can corner him.

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