Thomas Cook (India) hits 3-mth high on Saudi Arabia plan

Thomas Cook (India)

03/05/2023 06:16

** Shares of Thomas Cook (India)  THOM.NS  rise as much as
3.45% to 68.95 rupees, its highest since Feb. 9
    ** Travel service provider signs a deal with Yusuf bin Ahmed
Kanoo Co for a destination management company in Saudi Arabia
    ** Stock reclaims its 100-day simple moving average for the
first time since Feb 3; is above 50-day but below 200-day SMA
    ** Stock's moving average convergence divergence (MACD) line
above the signal line since Apr. 3, indicating a bullish bias
    ** Despite a 17% jump in April (its best monthly gain since
May 2021), stock is still down ~4.5% YTD
    ** Over 312k shares traded as of 10:26 a.m. IST vs 30-day
avg of ~352k

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))