Cox & Kings gains after large bulk deal

Cox & Kings advanced 2.16% to Rs 234.50 at 10:45 IST on BSE after a large bulk deal of 15.85 lakh shares was executed on the scrip at Rs 236.70 per share in opening trade on BSE.

Meanwhile, the S&P BSE Sensex was up 105.68 points, or 0.37%, to 28,704.71

Bulk deal boosted volume on the scrip. On BSE, so far 17.72 lakh shares were traded in the counter, compared with average daily volume of 1.82 lakh shares in the past one quarter. The stock hit a high of Rs 242 and a low of Rs 225.10 so far during the day. The stock hit a 52-week high of Rs 276.80 on 4 November 2015. The stock hit a 52-week low of Rs 140.50 on 17 February 2016. The stock had outperformed the market over the past 30 days till 16 September 2016, rising 23.18% compared with 1.69% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 42.75% as against Sensex's 7.41% rise.

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

Cox & Kings' consolidated net profit fell 23.68% to Rs 108.07 crore on 2.84% decline in net sales to Rs 2062.46 crore in Q1 June 2016 over Q1 June 2015.

Cox & Kings is one of the leading holiday and education travel companies with operations in 22 countries across 4 continents.

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