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Buy Cox & Kings, target Rs 272: Sacchitanand Uttekar

Buy Cox & Kings Ltd. at a price target of Rs 272.0 and a stop loss at Rs 253 from entry point.

ETMarkets.com|
Last Updated: Sep 27, 2017, 12.40 PM IST
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Sacchitanand Uttekar of Tradebulls Securities has a buy call on Cox & Kings with a target price of Rs 272.

The current market price of Cox & Kings is Rs 271.10.

Time period given by the analyst is intraday when Cox & Kings price can reach defined target.

Sacchitanand Uttekar recommended to keep a stop loss at Rs 253.

Cox & Kings, incorporated in the year 1939, is a Mid Cap company (having a market cap of Rs 4,805.21 Crore) operating in Hospitality sector.

Cox & Kings key Products/Revenue Segments include Income From Travel Operations which contributed Rs 462.58 Crore to Sales Value (85.22 per cent of Total Sales), Income From Forex Operations which contributed Rs 67.80 Crore to Sales Value (12.49 per cent of Total Sales) and Other Operating Revenue which contributed Rs 12.38 Crore to Sales Value (2.28 per cent of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 30-06-2017, the company has reported a Consolidated sales of Rs 1,903.19 Crore, up 64.21 per cent from last quarter Sales of Rs 1,159.02 Crore and down 7.72 per cent from last year same quarter Sales of Rs 2,062.46 Crore.

Company has reported net profit after tax of Rs 210.95 Crore in latest quarter.

The company’s top management includes Mr.A B M Good, Mr.M Narayanan, Mr.Pesi Patel, Mr.Peter Kerkar, Mr.S C Bhargava, Ms.Urrshila Kerkar.

Company has Chaturvedi & Shah as its auditors.

As on 30-06-2017, the company has a total of 176,564,890 shares outstanding.
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