Cox & Kings surges on bagging five year sales and marketing contract

27 Aug 2014 Evaluate

Cox & Kings (India) is currently trading at Rs. 299.00, up by 6.45 points or 2.20% from its previous closing of Rs. 292.55 on the BSE.

The scrip opened at Rs. 295.45 and has touched a high and low of Rs. 301.60 and Rs. 293.15 respectively. So far 106454 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 308.60 on 20-Aug-2014 and a 52 week low of Rs. 84.50 on 30-Aug-2013.

Last one week high and low of the scrip stood at Rs. 308.60 and Rs. 288.30 respectively. The current market cap of the company is Rs. 4078.77 crore.

The promoters holding in the company stood at 59.49% while Institutions and Non-Institutions held 24.82% and 14.91% respectively.

Cox & Kings, the longest established travel company in the world since 1758, has received a 5 year management, sales and marketing contract for the luxury train Deccan Odyssey from the Maharashtra Tourism Development Corporation (MTDC). With this contract, the train itinerary will be sold exclusively by Cox & Kings individually and as part of its holiday packages.

The capacity of the train is 88 passengers with 21 coaches, out of which 12 are passenger cars accommodating 8 people per coach (10 passenger cars, 4 coupes per coach - 2 presidential suite cars, 2 coupes per coach), 1 conference car, 2 dinning cars, 2 generator cars with luggage store, 2 staff, spare car, 1 spa car, 1 bar car.  The agreement is for a period of five years, which is likely to be extended for another five years, under which Cox & Kings will pay a lump sum of Rs 1.12 crore to MTDC, that will increase every year, and a 2 percent revenue share annually.

Cox & Kings is the longest established travel company in the world since 1758. It operates across 4 continents and 25 countries. In India, Cox & Kings has 12 branch sales offices and 150 Franchisee located across the country.

Cox & Kings Share Price

1.63 0.00 (0.00%)
10-Feb-2022 18:01 View Price Chart
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