Cox & Kings gains on bottom fishing

Cox & Kings rose 0.85% to Rs 214 at 13:14 IST on BSE on bargain hunting after sliding 8.08% in the preceding four trading sessions to settle at Rs 212.20 on 7 April 2017, from its close of Rs 230.85 on 31 March 2017.

Meanwhile, the S&P BSE Sensex was down 104.37 points, or 0.35%, to 29,602.24. Meanwhile, the S&P BSE Mid-Cap index was up 33.76 points, or 0.24%, to 14,266.92

On the BSE, so far 11,000 shares were traded in the counter, compared with average daily volumes of 41,685 shares in the past one quarter. The stock had hit a high of Rs 216.35 and a low of Rs 212.20 so far during the day. The stock hit a 52-week high of Rs 242 on 19 September 2016. The stock hit a 52-week low of Rs 146.20 on 31 May 2016.

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

The stock had outperformed the market over the past one month till 7 April 2017, surging 13.84% compared with 2.69% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 13.81% as against Sensex's 11.01% rise.

Cox & Kings' consolidated net profit slumped 84.81% to Rs 15.23 crore on 19.9% decline in net sales to Rs 1373.89 crore in Q3 December 2016 over Q3 December 2015.

Cox & Kings is a leading leisure and education travel group with operations in 22 countries across 4 continents. C&K operates in three key verticals: leisure, education and hybrid hotels.

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