Never expect more from IPO listing price in this kind of markets nowadays. Cox & Kings may surprise on upside, but do not sell too early. wait and hold for one year for a target of 700+ levels.
@ MEHUL SHAH : Some market observers attribute the run up in Thomas Cook & others to the upcoming listing of Cox and Kings, one of India’s leading travel and tour operators in the capital market. This has raised hopes for travel companies, as travel stocks have been laggards recently. The company’s IPO created a buzz around the sector and there is now an expectation of re-rating of companies in the travel and tourism sector.
Hey Guys, What is Cooking in Thomas Cook & Mahindra Holidays. Both have decent run up in last Couple of Days. what will happen to Cox & Kings?Grey Market is still showing 4 to 5 for C&K. Please Reply.
Yes day traders can make god profits by trading in this stock only on long side and do not try to short this stock otherwise you will get trapped. it will be foreign investor fancy as december is holiday season for them so big jump on their profits. check urself thomascook which is expensive is doing well so imagine this stock which have both domestic and international travel will be just on 1 way up ,up and up.
PR: Trade on this stock only unless it is below 550 rs
Any company which has limited competition in is field, always attracts lot of Fiis in Stock market. SO Cox&Kings would surely surprise the investors both in listing date and in long term also. Investors keep this stock in your portfolio always.
This stock should list somewhere around 330 plus minus 10%. You can't be over optimistic about returns from travel/tourism business. Profits don't rise quickly as consumer is price sensitive. Fair comparision could be made with Club Mahindra holidays. Although not same segment but business returns would be on the same lines.
@191. mahesh bhat You will get 200 shares@Rs330/-. Udayan said it is a steady business and for long-term investors and Cox & Kings is reasonably priced.
@187. TC : Thanks ...Will try to book some profit and hold some too... @189. Pratik : As long as your bid is at cutoff or at Rs330/- I think you should get shares applied for as retail portion was undersubscribed.