The stock closed at 52-week high of Rs 468.30, up 6 per cent, on reports that the company has started recruiting pilots to man proposed expansion of the operations due to a rise in air traffic recently. Domestic traffic is reported to have risen 25.80 per cent to 3.9 million passengers in October 2009 from 3.1 million passengers a year ago.
The Foreign Investment Promotion Board had, last month, approved the company’s plans to raise $400 million (Rs 2,000 crore) through share sale to qualified foreign institutions.