Cox & Kings is currently trading at Rs. 150.25, up by 4.70 points or 3.23% from its previous closing of Rs. 145.55 on the BSE.
The scrip opened at Rs. 147.45 and has touched a high and low of Rs. 151.25 and Rs. 146.30 respectively. So far 65729 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 248.50 on 04-Aug-2011 and a 52 week low of Rs. 122.50 on 24-Apr-2012.
Last one week high and low of the scrip stood at Rs. 151.25 and Rs. 122.50 respectively. The current market cap of the company is Rs. 2013.10 crore.
The promoters holding in the company stood at 58.66% while Institutions and Non-Institutions held 25.79% and 13.83% respectively.
Cox & Kings, travel service provider is likely to start Nostro operations by May-end as it got license from the RBI for using foreign currency account. It is in the process of creating different currency accounts and as soon as they are set up, it will begin transactions.
With this Nostro account Cox & Kings will get better currency rates and it will be able to manage exchange rate fluctuations more efficiently, use credits available in the account to make remittances and issue foreign currency demand drafts or telegraphic transfers on its own.
Prior to this entity used to remit currency through banks. With a Nostro account, it can directly buy and sell from the banks, which will help the travel service provider in getting better rates.
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