Buy Kingfisher Airlines On Dips

Buy Kingfisher Airlines On DipsStock market analyst Anu Jain has maintained 'buy' rating on Kingfisher Airlines Limited stock.

According to analyst, the investors can buy the stock on dips to around Rs 78.

The stock of the company, on Oct 07, closed at Rs 80.05 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 86.95 and a low of Rs 39.70 on BSE.

Current EPS is -44.86.

On October 07, the scrip of Kingfisher Airlines surged more than 5%on the BSE following reports that global private equity investor Wilbur Ross is eyeing to make investment of $100-150 million in the Vijay Mallya owned aviation company.

The reports added that Wilbur Ross is eyeing to invest the sum via convertible debt path.

Kingfisher Airlines, on Oct 01, started running direct flight to Mysore, linking this technology center with Karnataka's cultural capital.

On this, Vijay Mallya said, "The launch of this new route is an important milestone for us and a very special moment for me as Mysore has pride of place in our state."