TBO Tek jumps as its arm incorporates wholly owned subsidiary in Australia
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TBO Tek is currently trading at Rs. 1749.75, up by 38.50 points or 2.25% from its previous closing of Rs. 1711.25 on the BSE.
The scrip opened at Rs. 1713.05 and has touched a high and low of Rs. 1779.00 and Rs. 1709.95 respectively. So far 860 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 2000.00 on 04-Sep-2024 and a 52 week low of Rs. 1229.45 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 1779.00 and Rs. 1670.00 respectively. The current market cap of the company is Rs. 19002.86 crore.
The promoters holding in the company stood at 44.41%, while Institutions and Non-Institutions held 49.39% and 6.20% respectively.
TBO Tek’s material subsidiary -- Tek Travels DMCC has incorporated a wholly owned subsidiary in Australia, Sydney, by the name of TBO Tek Australia Pty. The setting up of TBO Tek Australia Pty is a part of the company’s expansion plans which will help in expanding its footprints in Australia. The objective of TBO Tek Australia Pty is to provide business support services to the holding company including marketing and promotional activities.
TBO Tek is a travel distribution platform that offers travel inventory according to the needs of its customers and supports a wide range of currencies along with forex help.
