Kingfisher recovers after falling by 4 pc in morning trade

November 15, 2011 11:07

Shares of Kingfisher Airlines tanked by as much as 4 per cent in morning trade on the bourses today, but made a smart recovery after the air carrier
announced that its net loss more than doubled to Rs 468.66 crore in the second quarter.
Kingfisher Airlines' net loss widened to Rs 468.66 crore in the quarter ended September 30, 2011, from Rs 230.81 crore in the same period last year.
Reacting to the numbers, the stock opened on a sluggish note on the BSE and then dropped by 2.81 per cent to an early low of Rs 20.75.

The Kingfisher board is expected to meet for the second time today.

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