Kingfisher Airlines was locked at 10% upper circuit at Rs 6.21 at 11:35 IST on BSE, with the stock extending recent sharp surge.
Meanwhile, the S&P BSE Sensex was up 79.97 points or 0.4% to 19,936.18.
On BSE, 53.30 lakh shares were traded in the counter with pending buy orders of 8.88 lakh shares at maximum limit. The stock's average daily volume is 8.16 lakh shares in the past one quarter.
The stock hit a high of Rs 6.21 and a low of Rs 5.80 so far during the day. The stock had hit a record low of Rs 3.17 on 30 August 2013. The stock had hit a 52-week high of Rs 18.09 on 14 December 2012.
The stock had outperformed the market over the past one month till 25 September 2013, surging 55.22% compared with the Sensex's 7.22% gain. The scrip also outperformed the market in past one quarter, gaining 39.16% as against Sensex's 6.59% rise.
The small-cap company has equity capital of Rs 808.72 crore. Face value per share is Rs 10.
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Shares of Kingfisher Airlines gained 37.09% in four trading days from a recent low of Rs 4.53 on 20 September 2013. Gains caught momentum after the company's Chairman Vijay Mallya's said on Tuesday, 24 September 2013, that the company is in talks with a foreign investor for a potential stake sale. Kingfisher Airlines has been grounded since October 2012 for want of cash. Its flying licence was suspended in December 2012.
Kingfisher Airlines reported net loss of Rs 1156.91 crore in Q1 June 2013, higher than net loss of Rs 650.79 crore in Q1 June 2012.
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