Intrinsic Value

Stock has not been able to generate better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

The city police had earlier arrested the promoter, Ajay Ajit Peter Kerkar, and former chief financial officer Anil Khandelwal, who are now in jail in the case.

Former directors of Cox & Kings under Mumbai Police scanner

Still more than 300 stocks, including Cox & Kings, DB Realty, OnMobile Global, Tata Elxsi and Sobha, hit a 52-week high on the BSE

Taking Stock | Market Ends Lower For The Second Day; Sensex Dives 656 Points, Nifty Below 18,000

Here are the ET headlines of the day,
1. Dalal Street gathers momentum, Nifty hovers around 18,900 mark while broader markets show strong support
2. Media merger of Sony-Zee in the process after they seal the deal with Sony holding 50% stake in Zee
3. Metro brand faces disappointment as it flops its debut in the share market
4. Roadblock to recovery blocked for Cox & Kings as lenders find it tough to get buyers for the company 
5. Prime Minister Modi to hold a review meeting tomorrow for rising Omicron cases
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Market Gains Momentum Ahead Of Christmas; Metro Faces Disappointment | Top News

In October 2019, NCLT admitted a plea filed by Rattan India Finance to initiate insolvency proceedings against Cox & Kings for defaulting on a loan of Rs 30 crore.

NCLAT stays penalty on Writer Business Services by NCLT in Cox & Kings’ RP’s plea

The travel companys RP had approached the tribunal with the complaint that Writer Business Services had blocked access to the record management service by refusing to provide the list of businesses and information of the Cox & Kings that are stored by it. The RP had also claimed in its plea that the…

NCLT penalises Writer Business for refusing services to Cox & Kings

Economic Offenses Wing (EOW) of the Mumbai Police has registered a seventh FIR against global tour and travel company Cox and Kings, its promotor, directors and other employees for allegedly duping Yes Bank to the tune of Rs 523 crore. The accused availed loan from the complainant bank and later …

YES Bank case: EOW files FIR against Cox & Kings in Rs 523 crore cheating case

Travel services providers - Cox & Kings, Easy Trip Planners and Thomas Cook gained 1-5 percent. Among others, Wonderla Holidays gains 1.2 percent.

RBI Monetary Policy: Hotels, Travel Services Stocks Gain 1-7% On Announcement Of Rs 15,000-crore Liquidity Window

This is the second listed firm promoted by Ajay Kerkar to be admitted under the Corporate Insolvency Resolution Process (CIRP) since the flagship firm and travel company Cox & Kings Ltd is also going through an insolvency resolution process.

NCLT admits Cox & Kings Financial Services for insolvency resolution

“In this 14th meeting of the committee of creditors, the resolution for liquidation of the company was put to vote through e-voting as resolution plan was not submitted by any of the prospective resolution applicants despite repeated efforts, ” the company said.

Cox & Kings may head for liquidation

The five accounts are - Cox & Kings Ltd that diverted funds worth Rs 68.46 crore; Era Infra Engineering Rs 19.36 crore; Supreme Tex Mart Rs 16.36 crore; RSAL Steel Pvt Ltd Rs 27.35 crore and Pune Buildtech Rs 16.50 crore, Indian Bank said in a regulatory filing.

Indian Bank declares five NPA accounts worth Rs 148 cr as fraud

Cox & Kings Limited is engaged in tours and travel activities. The Company provides various services, such as destination management, outbound tourism, business travel,  domestic holidays, trade fairs, foreign exchange and insurance. 

Cox & Kings Ltd

Cox & Kings Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Former directors of Cox & Kings under Mumbai Police scanner

Taking Stock | Market Ends Lower For The Second Day; Sensex Dives 656 Points, Nifty Below 18,000

News Video

Market Gains Momentum Ahead Of Christmas; Metro Faces Disappointment | Top News

NCLAT stays penalty on Writer Business Services by NCLT in Cox & Kings’ RP’s plea

NCLT penalises Writer Business for refusing services to Cox & Kings

YES Bank case: EOW files FIR against Cox & Kings in Rs 523 crore cheating case

RBI Monetary Policy: Hotels, Travel Services Stocks Gain 1-7% On Announcement Of Rs 15,000-crore Liquidity Window

Cox & Kings Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Former directors of Cox & Kings under Mumbai Police scanner

Taking Stock | Market Ends Lower For The Second Day; Sensex Dives 656 Points, Nifty Below 18,000

News Video

Market Gains Momentum Ahead Of Christmas; Metro Faces Disappointment | Top News

NCLAT stays penalty on Writer Business Services by NCLT in Cox & Kings’ RP’s plea

NCLT penalises Writer Business for refusing services to Cox & Kings

YES Bank case: EOW files FIR against Cox & Kings in Rs 523 crore cheating case

RBI Monetary Policy: Hotels, Travel Services Stocks Gain 1-7% On Announcement Of Rs 15,000-crore Liquidity Window

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock