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Cox & Kings slips on weak Q2 results

Capital Market 

Cox & Kings fell 1.63% to Rs 166 at 12:04 on after consolidated net profit fell 76.63% to Rs 27.32 crore on 11.70% increase in net sales to Rs 2557.84 crore in Q2 September 2016 over Q2 September 2015.

The result was announced after market hours yesterday, 28 November 2016.

Meanwhile, the Sensex was up 190.99 points, or 0.72%, to 26,541.16.

On BSE, so far 80,000 shares were traded in the counter, compared with average daily volume of 1.71 lakh shares in the past one quarter. The stock hit a high of Rs 166.30 and a low of Rs 159.10 so far during the day. The stock hit a 52-week high of Rs 256.45 on 6 January 2016. The stock hit a 52-week low of Rs 140.50 on 17 February 2016. The stock had underperformed the market over the past 30 days till 28 November 2016, falling 26.52% compared with the 5.66% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 12.70% as against Sensex's 7.03% decline.

The small-cap company has equity capital of Rs 88.28 crore. Face value per share is Rs 5.

Cox & Kings is a leading leisure and education travel group with operations in 22 countries across 4 continents.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, November 29 2016. 11:57 IST