Don’t miss the latest developments in business and finance.

Cox and Kings hit three-year high; up 27% in one-week

Analyst at KRChoksey Research recommended 'buy' rating on the stock with a target price of Rs 289 per share.

Image
SI Reporter Mumbai
Last Updated : Jul 04 2014 | 3:12 PM IST
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.
 

Also Read

First Published: Jul 04 2014 | 3:08 PM IST

Next Story