COX AND KINGS LIMITED
COMPANY BACKGROUND
Cox & Kings is the longest established travel company in the world. Its distinguished history began in 1758 when it was appointed as general agents to the regiment of Foot Guards in India under the command of Lord Ligonier.By 1878, C&K were agents for most British regiments posted overseas, including the Royal Cavalry, Artillery and Infantry, as well as the Royal Wagon Train and the Household Brigade. The Royal Navy was next and in 1912, The Royal Air Force came under its wings.Between 1750’s and 1950’s, Cox & Kings was witness to an exciting era in Indian history, and, in its own way, helped to shape it. In 1947, the British administration departed, but bound by strong ties to India, Cox & Kings stayed on and flourished. Today, Cox & Kings is a premium brand in all travel related services in the Indian subcontinent, employing over 5000 trained professionals. Its India operations are headquartered in Mumbai and has the status of a limited company. It has over 12 fully owned offices in India across key cities such as New Delhi, Chennai, Bangalore, Kolkata, Ahmedabad, Kochi, Hyderabad, Pune, Goa, Nagpur and Jaipur. The worldwide offices are located in UK, USA, Japan, Russia, Singapore and Dubai. It has associate offices in Germany, Italy, Spain, South Africa, Sweden and Australia.
FUNDAMENTALS OF the COMPANY
Technical view
Cox and Kingsone of the major company in travel operations looks very promising on charts. The stock holds a very strong support near 140 levels as it recovered twice from this level first in Feb 2016 and 2nd in May 2016 and thus formed double bottom on weekly chart. Also if we draw a Fibonacci Retracement from the bottom at 85 made in October 2013 to the top at 367 made in September 2014, the stock has retraced to
harmonic number of 78.6% at 140 level. So all an all 140 is the key support level. Currently the stock is trading near the break out level of double bottom pattern and also psychological level of 200. If the stock breached this level then it may rise up to 227-240 in the next couple of months
STOCK IN HIGHLIGHTS:
- Mumbai: 8th July 2016: Cox & kings owned MEININGER hotels will open a hotel in close proximity to LeipZip’s main station at the beginning of calendar 2017. The former ibis hotel from the Accor Group will be converted in accordance with MEININGER standards and will ultimately have 404 beds available in 126 rooms.
- Board Meeting of the Company is scheduled to be held on Tuesday, 30th August, 2016 inter alia to consider and approve the Un-AuditedFinancial Results for the quarter ended 30thJune, 2016.
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