<p>Rising for the second day in a row today, Kingfisher Airlines stock surged over 11 per cent amid heavy buying, even as the airline reported widening of losses in the April-June quarter.<br /><br />Shares of the company gained 10.36 per cent to touch a high of Rs 9.80 on the BSE.<br />At the NSE, the scrip soared 11.29 per cent to Rs 9.85.<br /><br />In the previous trade also, the stock had rallied by 20 per cent.<br />Kingfisher Airlines had on Saturday reported widening of net loss for the quarter ended June 30, to Rs 650.8 crore due to costs associated with non-operating aircraft.<br /><br />The airline had posted a net loss of Rs 263.5 crore in same period last year.<br />The debt-ridden airline has said, however, that it was talking to various investors and believes that it will get capitalised.</p>.<p>"Kingfisher continues to believe it will get capitalised and get on a path of sustained profitability. The airline is in discussions with several strategic and financial investors to bring fresh capital," the company had said while declaring the Q1 result.<br /><br />The Mallya group company had lost nearly 17 per cent ahead of its results last week on anticipation of weak Q1 earnings.<br /><br />Surge in the stock was in sharp contrast with the sluggish stock market, where the Sensex was trading at 17,601.27, down 27.36 points at 1156 hrs.</p>
<p>Rising for the second day in a row today, Kingfisher Airlines stock surged over 11 per cent amid heavy buying, even as the airline reported widening of losses in the April-June quarter.<br /><br />Shares of the company gained 10.36 per cent to touch a high of Rs 9.80 on the BSE.<br />At the NSE, the scrip soared 11.29 per cent to Rs 9.85.<br /><br />In the previous trade also, the stock had rallied by 20 per cent.<br />Kingfisher Airlines had on Saturday reported widening of net loss for the quarter ended June 30, to Rs 650.8 crore due to costs associated with non-operating aircraft.<br /><br />The airline had posted a net loss of Rs 263.5 crore in same period last year.<br />The debt-ridden airline has said, however, that it was talking to various investors and believes that it will get capitalised.</p>.<p>"Kingfisher continues to believe it will get capitalised and get on a path of sustained profitability. The airline is in discussions with several strategic and financial investors to bring fresh capital," the company had said while declaring the Q1 result.<br /><br />The Mallya group company had lost nearly 17 per cent ahead of its results last week on anticipation of weak Q1 earnings.<br /><br />Surge in the stock was in sharp contrast with the sluggish stock market, where the Sensex was trading at 17,601.27, down 27.36 points at 1156 hrs.</p>