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Showing posts with label Cox and Kings India. Show all posts
Showing posts with label Cox and Kings India. Show all posts

Sunday, December 19, 2010

Cox and Kings


Investors with a long-term perspective can buy the stock of Cox and Kings (C&K), a leading travel and tours operator in the country.

The company's entrenched presence in domestic and major international markets puts it at a distinct advantage in the highly-fragmented tourism industry. Rising disposable income, favourable demographics of Indians, with many increasingly seen opting to holiday abroad, in addition to improving trends in inbound and outbound tourism underscore our recommendation. Valuations, given these growth drivers, appear fairly reasonable. At current market price of Rs 543, the stock trades at about 20 times its likely FY12 per share earnings.

Sunday, October 03, 2010

Cox and Kings


Investors with a long-term perspective can take exposure to the stock of Cox and Kings (C&K), a leading travel and tours operator in the country. Improving trends in inbound and outbound travel, besides C&K's entrenched presence in domestic as well as major global markets, suggest growth potential.

Saturday, December 12, 2009

Cox and Kings zooms on debut


Settles at Rs 426.05 on BSE compared to IPO price of Rs 330

Cox and Kings (India) settled at Rs 426.05 on BSE, a 29.10% premium over the initial public offer price of Rs 330 per share.

The Cox and Kings (India) stock debuted at Rs 304.10 (also its day's low), a 7.84% discount over its initial public offer price of Rs 330 per share. Thereafter the stock recovered to strike an intra-day high of Rs 433.45.

The counter clocked high volume of 1.69 crore shares on BSE.

Cox and Kings (India) had priced its initial public offer (IPO) at the top end of the Rs 316 to Rs 330 price band. The IPO, which remained open between 18 and 20 November 2009, was subscribed 6.31 times.

The qualified institutional buyers portion was subscribed 9.93 times. The portion reserved for non-institutional investors was subscribed by 10.74 times and the retail individual investors' share was fully subscribed.

On 17 November 2009, the company raised Rs 90.55 crore through the issue of 27.44 lakh shares at Rs 330 per share to nine anchor investors.

Cox and Kings (India) is one of the recognised holiday brands that serves as a one stop shop for all travel and travel related products. The objective of the issue is to fund its acquisitions, repayment of loans and also to fuel other business expansion plans.

The company's net profit rose 19.1% to Rs 38.18 crore on 31.9% rise in sales to Rs 155.09 crore in the year ended March 2009 over the year ended March 2008.

Monday, November 30, 2009

Grey Market - MBL Infrastructures, Cox and Kings, JSW Energy


Company Name

Offer Price

(Rs.)

Premium

(Rs.)

Cox & Kings India

330

4 to 5

MBL Infra

165 to 180

5 to 5.50

JSW Energy Ltd.

--

2.50 to 3.00

Monday, November 23, 2009

Cox and Kings Grey Market Premium


Company Name

Offer Price

(Rs.)

Premium

(Rs.)

Cox & Kings India

316 to 330

7 to 9

DEN Network Ltd.

195 to 205

Discount

Astec Life Science

77 to 82

2 to 2.50

Friday, November 20, 2009

Grey Market - Cox and Kings


Company Name

Offer Price

(Rs.)

Premium

(Rs.)

Cox & Kings India

316 to 330

7 to 9

DEN Network Ltd.

195 to 205

Discount

Astec Life Science

77 to 82

2 to 2.50

Cox and Kings IPO Subscription Details


Qualified Institutional Buyers (QIBs) - 9.9514 times

Non Institutional Investors 10.6975 times

Retail Individual Investors (RIIs) - 0.9813 times

Feel Retail missed out on a good company here