Initiating Note by Barclays – Cox and Kings Ltd – Overweight (Tp – Rs 229)
Cox & Kings Ltd. – (Overweight – Rs 229) In consolidation mode; initiate at OW We believe that Cox & Kings’ (C&K) standalone business is a proxy for the burgeoning travel and tourism industry in India. Indian tourist exports are expected to increase at a CAGR of 7% (FY13-20E) to reach US$31bn by FY20E. C&K …