Cox & Kings gains over 3% as Motilal initiates 'buy' rating

Posted By: Religare
Subscribe to GoodReturns

Shares of Cox & Kings rose over 3 per cent in early trade on Bombay Stock Exchange (BSE) after the domestic brokerage Motilal Oswal initiated a "buy" rating on the stock for a target of Rs 360. Motilal Oswal said Cox has 30 per cent share in the outbound travel market with 20-22 per cent gross margins, which is "best in the industry."

The shares of company rose as much as 3.56 per cent to trade at Rs 269.10 a piece on the BSE.

In a similar fashion, shares of the company rose 4.01 per cent to Rs 269.70 a piece on National Stock Exchange.

Meanwhile, the broader benchmark Sensex was quoting at 25,692.27, up 173.03 points or 0.68 per cent at 11.02 hours.

Read more about: cox kings
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'


Get Latest News alerts from Goodreturns