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Cox & Kings surges with Meininger Hotels signing contract with German property developer

Cox & Kings Ltd. | Travel Services | Travel & Hospitality | BSE: 533144 | NSE: COX&KINGS

29 Mar 2019 Evaluate

Cox & Kings is currently trading at Rs. 142.40, up by 2.60 points or 1.86% from its previous closing of Rs. 139.80 on the BSE.

The scrip opened at Rs. 139.80 and has touched a high and low of Rs. 143.75 and Rs. 139.80 respectively. So far 3248 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 221.18 on 16-Apr-2018 and a 52 week low of Rs. 125.70 on 01-Oct-2019.

Last one week high and low of the scrip stood at Rs. 143.75 and Rs. 139.35 respectively. The current market cap of the company is Rs. 2514.28 crore.

The promoters holding in the company stood at 49.75%, while Institutions and Non-Institutions held 40.72% and 9.53% respectively.

Cox & Kings owned Meininger Hotels has signed a contract with a German property developer for a new project in Stuttgart. From 2021 onwards, the hotel group will be present in the state capital of Baden-Wuerttemberg. The new hotel building will have 156 rooms and 460 beds.

The contract signing seals the second project for Meininger Hotels in the German federal state of Baden-Wuerttemberg. The planned new building in a central Stuttgart location covers a gross floor area of 6,900 square meter on four floors. In addition to 156 rooms or 460 beds, the accommodation will also have 20 parking spaces. The hotel is scheduled to open in fall 2021.

Cox and Kings is engaged in providing travel management solutions. Its services include destination management, outbound tourism, business travel, insurance and conference solutions. The firm also offers domestic holidays, trade fairs, foreign exchange and insurance.

Cox & Kings Share Price

1.63 0.00 (0.00%)

10-Feb-2022 18:01 View Price Chart

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Cox & Kings surges with Meininger Hotels signing contract with German property developer

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