Add Cox & Kings on declines: Rajesh Agarwal

Add Cox & Kings on declines, says Rajesh Agarwal of Eastern Financiers.

Agarwal told CNBC-TV18, "As far as Cox & Kings is concerned it is trading at a very low valuation considering the fact the kind of brand value it has the kind of business it operates in. Recently they have announced an acquisition abroad which is going to help immensely in improving the bottom line. So I think one can definitely add this stock on declines."

The company's trailing 12-month (TTM) EPS was at Rs 5.66 per share. (Mar, 2011). The stock's price-to-earnings (P/E) ratio was 39.49. The latest book value of the company is Rs 57.20 per share. At current value, the price-to-book value of the company was 3.91. The dividend yield of the company was 0.22%.