India's TBO Tek gains after Q4 profit jump

Tbo Tek

23/05/2025 07:31

** TBO Tek TBOT.NS gains 8.4% to 1,302 rupees, highest in more than two months

** Travel distribution co's Q4 consol net profit rises 26% y/y, boosted by strong revenue growth in hotels segment; rev up 21%

** Goldman Sachs ("buy"; PT: 1,720 rupees) says co's presence in a fragmented buyer and supplier base, along with its ability to expand into new geographies by leveraging existing supply, gives it long growth runway

** More than 874,000 shares traded, ~3x the 30-day avg

** Stock rated "strong buy" on avg; median PT is 1,470 rupees, per data compiled by LSEG

** YTD, TBOT falls 25%

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))