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Friday, October 14, 2016

Cox & Kings rises up on new deal in Milan


Cox and KingsCox and Kings owned Meininger Hotels along with leading Italian Property Company Beni Stabili SIIQ announced signing of an agreement for a hotel in Milan. The mentioned building is situated at Piazza Monte Titano in front of Lambrate railway station.
This 131-room, 491-bed hotel is expected to open in early in the year of 2018. The Meininger Hotel in Milan is going to be the 2nd of the group in Italy. Meininger will be opening a hotel in Rome next year. As a result of its direct location at Lambrate railway station, the hotel enjoys facilities like excellent public transport connections. Sights like the Teatro alla Scala as well as the Milan Cathedral can be reached within 15 mins by tramway, whereas Linate airport is only 25 mins away by bus.
Cox and Kings is the longest established travel company in the world since its commencement in 1758. It has over 12 fully owned offices in India across major cities like New Delhi, Chennai, Bangalore, Kolkata, Pune, Goa, Ahmedabad, Kochi, Hyderabad, Nagpur as well as Jaipur.  The worldwide offices are located in UK, USA, Japan, Russia and Singapore along with Dubai.
Cox and Kings share price (India) is currently trading at Rs 219.40, up by 1.75 points or 0.79 per cent from its previous closing of Rs 221.15 on the NSE.
The share price opened at Rs 222.85 and has touched a high and low of Rs 224.00 and Rs 219.40 respectively. So far 1,68,058 shares were traded on the counter of NSE aggregating to  a total amount of Rs 372.65 lacs. The BSE group 'A' stock of face value Rs 5 has touched a 52 week high of Rs 276.80 on 4th November 2015 and a 52 week low of Rs. 140.50 on 17th February 2016. Last one week high and low of the scrip stood at Rs 229.00 and Rs 216.10 respectively. The current market cap of the company as of today is Rs. 3919.74 crores. The promoters holding in the company stood at 51.36 per cent, while institutions and non-institutions held 33.06 per cent and 15.56 per cent respectively.

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