Cox & Kings shares gain as much as 7 per cent to Rs 277.50.
Domestic brokerage Motilal Oswal starts coverage on the stock with a "buy" rating and a target of Rs 360 and says Cox has 30 per cent share in the outbound travel market with 20-22 per cent gross margins, which is "best in the industry."
Expectations for good growth in Cox's education segment, reduction in debt from sale of camping business and valuations are other factors for its rating, the brokerage adds.
Copyright: Thomson Reuters 2014
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