Cox & Kings being a travel service Company is Member of International Air Transport Association (IATA).
IATA is an entity which oversees the credit lines and settlements for the Airline tickets being sold to Company/Travel Agencies and the payment to these airlines are made via a system called Billing & Settlement Plan (BSP). The Company/travel Agencies need to settle value of airlines tickets issued on weekly basis.
IATA has suspended its license for selling tickets. However, the Company will continue to issue tickets on cash and carry basis.
Shares of Cox & Kings Limited was last trading in BSE at Rs.28.35 as compared to the previous close of Rs. 29.8. The total number of shares traded during the day was 54229 in over 138 trades.
The stock hit an intraday high of Rs. 28.35 and intraday low of 28.35. The net turnover during the day was Rs. 1537392.