Cox & Kings gains after stellar Q3 result

Cox & Kings rose 2.5% to Rs 258.40 at 11:04 IST on BSE after consolidated net profit jumped 431.47% to Rs 85.46 crore on 1.51% fall in total income to Rs 1370.91 crore in Q3 December 2017 over Q3 December 2016.

The results were announced after market hours yesterday, 14 February 2018.

Meanwhile, the S&P BSE Sensex was up 229.99 points, or 0.67% to 34,385.94. The S&P BSE Mid-Cap index was up 119.95 points, or 0.71% to 17,001.43.

On the BSE, 24,000 shares were traded in the counter so far compared with average daily volumes of 96,532 shares in the past one quarter. The stock had hit a high of Rs 273 and a low of Rs 257.65 so far during the day. The stock hit a 52-week high of Rs 305.50 on 27 July 2017. The stock hit a 52-week low of Rs 184.10 on 9 March 2017.

 

The stock had underperformed the market over the past 30 days till 14 February 2018, falling 4.22% compared with 1.77% fall in the Sensex. The scrip also underperformed the market in past one quarter, gaining 0.68% as against Sensex's 3.17% rise. The scrip, however, outperformed the market in past one year, surging 30.89% as against Sensex's 21.31% rise.

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

Cox & Kings is a travel company. It operates in three key verticals; leisure, education and hybrid hotels.

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