The stock of Kingfisher Airlines has been maintaining its uptrend. The stock is trading up 4.6 per cent at Rs 22.85 on the BSE with over 21 lakh shares changing hands.
It may be recalled that on November 11, the stock touched its all-time low of Rs 17.55 after the air carrier announced that its net loss more than doubled to Rs 468.66 crore in the second quarter. Fears of bankruptcy have affected the sentiment in the stock.
However, the stock has been recovering on hopes that the debt-ridden company would be able to find a solution for the mess. The group's other stocks United Spirits, United Breweries and UB Holdings are trading flat.