Meanwhile, the BSE Sensex was down 45.48 points or 0.26% to 17,682.72.

On BSE, 28.61 lakh shares were traded in the counter as against average daily volume of 52.87 lakh shares in the past one quarter.

The stock hit a high of Rs 9.64 and a low of Rs 9 so far during the day. The stock had hit a record low of Rs 7.01 on 13 August 2012. The stock had hit a 52-week high of Rs 30.90 on 7 February 2012.

The stock had underperformed the market over the past one month till 14 August 2012, falling 8.42% compared with the Sensex's 2.99% rise. The scrip had also underperformed the market in past one quarter, declining 30.44% as against Sensex's 9.33% surge.

The small-cap air carrier has equity capital of Rs 808.72 crore. Face value per share is Rs 10.

Shares of Kingfisher Airlines rallied 27.83% in two trading sessions to settle at Rs 9.46 on Tuesday, 14 August 2012, from a recent low of Rs 7.40 on 10 August 2012, after the firm at the time of announcement of Q1 June 2012 results after market hours on 10 August 2012, said it continues to believe it will get recapitalized and get on a path of sustained profitability.

Kingfisher Airlines reported a net loss to Rs 650.79 crore in Q1 June 2012, higher than net loss of Rs 263.54 crore in Q1 June 2011. Net sales declined 84.2% to Rs 301.38 crore in Q1 June 2012 over Q1 June 2011.

Kingfisher Airlines said it has halved its operating losses to Rs 204 crore in Q1 June 2012, from Rs 429 crore in Q1 June 2011. This was achieved by reducing the level of operations in this high cost environment through a 20 aircraft 'Holding Operation', the company said in a statement.

Kingfisher Airlines said the impact of high fuel cost, high interest rate, depreciation of rupee and extraordinary expenses on account of return of aircraft to the lessors and the costs associated with non-operating aircraft, resulted in a net loss of Rs 651 crore in Q1 June 2012.

The UB Group provided cash support of over Rs 750 crore to the Kingfisher Airlines to meet its cash flow requirements, the company said in a statement.

Kingfisher Airlines said it continues to believe it will get recapitalized and get on a path of sustained profitability. The airline is in discussions with several strategic and financial investors to bring fresh capital, Kingfisher Airlines said in a statement