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Cox & Kings corrects on profit booking

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Capital Market
Last Updated : Feb 02 2016 | 11:48 PM IST

Cox & Kings fell 7.23% to Rs 214.80 at 15:11 IST on BSE on profit booking after the stock rose 20.38% to Rs 231.55 crore yesterday, 1 February 2016, from a recent low of Rs 192.35 on 20 January 2016.

Meanwhile, the BSE Sensex was down 267.79 points, or 1.08%, to 24,557.04.

On BSE, so far 32,000 shares were traded in the counter, compared with an average volume of 1.02 lakh shares in the past one quarter. The stock hit a high of Rs 232.95 and a low of Rs 214.80 so far during the day. The stock hit a 52-week high of Rs 343.90 on 20 February 2015. The stock hit a 52-week low of Rs 187.85 on 21 January 2016. The stock had outperformed the market over the past one month till 1 February 2016, sliding 4.87% compared with 5.11% decline in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 14.26% as against Sensex's 6.87% fall.

The mid-cap company has an equity capital of Rs 84.66 crore. Face value per share is Rs 5.

Cox & Kings will announce Q3 results on 5 February 2016. On consolidated basis, Cox & Kings reported net profit of Rs 118.24 crore in Q2 September 2015 compared with net loss of Rs 94.23 crore in Q2 September 2014. Net sales declined 20.9% to Rs 684.82 crore in Q2 September 2015 over Q2 September 2014.

Cox & Kings is one of the longest established travel companies in the world since 1758. Headquartered in India, it is the leading holidays and education travel group with operations in 22 countries across 4 continents.

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First Published: Feb 02 2016 | 3:10 PM IST

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