Thomas Cook (India) rises on launch of resort in tourist destination

Thomas Cook (India)

17/03/2023 07:40

** Shares of Thomas Cook (India)  THOM.NS  up as much as
3.72% to 61.4 rupees
    ** Travel service provider hits sharpest intraday pct gain
since Mar. 1, on track for second consecutive session of gains
if trends holds 
    ** Co says its unit, Sterling Holidays, will launch a resort
in tourist destination called Chail in Himachal Pradesh state
    ** THOM is trading below its 50-, 100-, and 200-day simple
moving averages, indicating bearish sentiment 
    ** More than 132,282 shares change hands, as of 12:49 a.m.
IST, 0.4x 30-day average of 307,657 shares
    ** Stock down 16.85% YTD as of last close, after posting two
consecutive years of gains 

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com;))