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Thomas Cook India gains with arm entering into JV agreement with DER Touristik Group

03 May 2017 Evaluate

Thomas Cook (India) is currently trading at Rs. 204.95, up by 0.20 points or 0.10% from its previous closing of Rs. 204.75 on the BSE.

The scrip opened at Rs. 206.65 and has touched a high and low of Rs. 206.90 and Rs. 203.50 respectively. So far 15334 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 238.20 on 30-Mar-2017 and a 52 week low of Rs. 165.60 on 19-May-2016.

Last one week high and low of the scrip stood at Rs. 212.80 and Rs. 202.35 respectively. The current market cap of the company is Rs. 7504.31 crore.

The promoters holding in the company stood at 67.66%, while Institutions and Non-Institutions held 20.65% and 11.69% respectively.

Thomas Cook India’s wholly owned subsidiary- Travel Corporation (India) has entered into Joint Venture (JV) Agreement with DER Touristik Group to form a Joint Venture Company ‘TCI Go Vacation India’ to be operational from Delhi NCR. 

Thomas Cook (India) is the leading integrated travel and travel related financial services company in the country offering a broad spectrum of services that include Foreign Exchange, Corporate Travel, MICE, Leisure Travel, Insurance, Visa & Passport services and E-Business. The company set up its first office in India in 1881.

Peers
Company Name CMP
Thomas Cook (India) 104.05
IRCTC 461.25
TBO Tek 1688.20
Le Travenues Techno 159.30
Yatra Online 105.30
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