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Friday, December 11, 2009

Cox&Kings : What Investchips advised is again proved to be correct

Cox & Kings

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Stock market some times behave like a mad man. Some good companies are punished for no reason. Some unworthy companies may give windfall gains due to manipulation. But these are for only short term. In the long run, market always reward real winners. Identifying and staying with these gems would definitely give windfall returns to the portfolio.

Cox&Kings is one of the gems. When Cox&Kings came out with IPO, we wrote   on 18.11.2009 “Comparing it’s position in the industry  and compelling valuation make us to recommend this IPO. Invest at CutOFF”.  On 08.12.2009, we came out with a list of stocks that worth investing. We included Cox&Kings in that list even before listing. See the first day performance.

Cox & Kings raised 6.10 billion rupees ($131 million) through its IPO. Its shares opened at 304.10 rupees--7.8% below its 330 rupees issue price--but staged a smart come back. Shares in the travel company finally closed at 426.05 rupees and over 16.95 million shares changed hands on the Bombay Stock Exchange.

We expect that the stock would double in the next two years. Hold.

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Posted By R John Christy at 9:30 PM Labels:
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