Cox and Kings shares dwindle

The shares of Cox and Kings dropped by 8 per cent on Monday.

While the company had reported a net profit of Rs. 64.56 crores a year ago, it has recently shown a net loss of Rs. 305.33 crores in the Financial Year 16.

The stock has gone down by 32 per cent in this year, so far.

Consequently, reacting to numbers, the scrip has shot down by 8.12 per cent hit to Rs. 160 at the BSE.

Cox and Kings however, showed a growth of 14.8 per cent in its total income.

“Its income from operations stood at Rs.470.96 crore against Rs.409.61 crore in the same period a year ago,” reported The Economic Times.

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About Sanika Govekar

An avid reader with a love for English, an achiever; she has a burning desire to succeed. She wants to make a difference to the society and strongly believes that self-discipline and a monumental work ethic can beat natural ability. Aim to Major in Economics.