Cox and Kings has moved higher by 9% to Rs 265 extending its past four day’s rally on the Bombay Stock Exchange (BSE).
The stock opened at Rs 240 and touched a high of Rs 267, its highest level since January 2011 on BSE. The trading volumes on the counter surged over three-fold with a combined 2.26 million shares changing hands till late noon on BSE and NSE.
Analyst at KRChoksey Research recommended ‘buy’ rating on the stock with a target price of Rs 289 per share.
Cox and Kings is market leader in leisure outbound domestic market with market share of 30%. The company is a natural beneficiary to any change in Visa policy and investment in tourism sector with the change of new government, analyst said in a research report dated July 2, 2014.
The stock opened at Rs 240 and touched a high of Rs 267, its highest level since January 2011 on BSE. The trading volumes on the counter surged over three-fold with a combined 2.26 million shares changing hands till late noon on BSE and NSE.
Analyst at KRChoksey Research recommended ‘buy’ rating on the stock with a target price of Rs 289 per share.
Cox and Kings is market leader in leisure outbound domestic market with market share of 30%. The company is a natural beneficiary to any change in Visa policy and investment in tourism sector with the change of new government, analyst said in a research report dated July 2, 2014.
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