Cox & Kings rose 1.27% to Rs 210 at 14:51 IST on BSE after the company said that RBI has granted NBFC licence to Cox & Kings Financial Service.
The announcement was made during market hours today, 25 May 2018.On the BSE, 2.04 lakh shares were traded in the counter so far compared with average daily volumes of 4,542 shares in the past two weeks. The stock had hit a high of Rs 236.95 and a low of Rs 207.45 so far during the day. The stock hit a 52-week high of Rs 305.50 on 27 July 2017. The stock hit a 52-week low of Rs 203.55 on 17 May 2018.
The mid-cap company has equity capital of Rs 88.28 crore. Face value per share is Rs 5.
Cox & Kings said that Reserve Bank of India (RBI) has granted a Non-Banking Finance Company (NBFC) licence to Cox & Kings Financial Service, a wholly owned subsidiary of the company. Cox & Kings Financial Service proposes to carry on the business of holiday financing, student loan financing and other non-banking financial service activities and a foreign exchange business.
Cox & Kings after consolidated net profit jumped 431.47% to Rs 85.46 crore on 1.51% fall in total income to Rs 1370.91 crore in Q3 December 2017 over Q3 December 2016.
Cox & Kings is a travel company. It operates in three key verticals; leisure, education and hybrid hotels.
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