TBO Tek Shares Surge 9% as Jefferies Raises Target Price by 11%

TBO Tek shares surge 9% as Jefferies raises target price by 11%

Jefferies raised its target price on the stock to Rs 1,800 from Rs 1,625 and maintained a 'buy' rating on the business-to-business travel distribution platform

TBO Tek Jumps Over 9% After Jefferies Raises Price Target

Shares of travel tech major TBO Tek surged 9.4% to an intraday high of INR 1,687 today after brokerage firm Jefferies raised its price target for the company. At 13:40, the stock was trading 5.3% higher at INR 1,624.25 on the BSE. Its market capitalisation stood at INR 17,622.17 Cr (about $2 Bn). Nearly 10 Lakh shares were traded by then. Jefferies maintained its ‘Buy’ rating on the company and raised the target price to INR 1,800, up 17% from I…

TBO Tek Shares Jump 8% As Jefferies Hikes Target Price After THIS Update

Shares of TBO Tek Ltd. continued their upward momentum on Monday's trade, reaching an intraday high of Rs 1,687, which accounts for a gain of more than 8%. TBO Tek's rally on Monday comes on the back of multiple positives, including a key acquisition of US-based company Classic Vacations, which was followed by a bullish note from Jefferies.TBO Tek acquired Classic Vacations on Sept. 3 for $125 million, which kick-started a rally that has witness…