Thomas Cook (India) surges on launching TCPay
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Thomas Cook (India) is currently trading at Rs. 202.75, up by 3.85 points or 1.94% from its previous closing of Rs. 198.90 on the BSE.
The scrip opened at Rs. 198.05 and has touched a high and low of Rs. 203.55 and Rs. 194.40 respectively. So far 15186 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 222.50 on 25-Apr-2024 and a 52 week low of Rs. 59.47 on 22-May-2023.
Last one week high and low of the scrip stood at Rs. 214.95 and Rs. 193.45 respectively. The current market cap of the company is Rs. 9548.73 crore.
The promoters holding in the company stood at 63.83%, while Institutions and Non-Institutions held 11.01% and 25.16% respectively.
Thomas Cook (India) has the launched TCPay, a new digital service that brings ease and efficiency to international money transfers, as India’s outbound remittances market represents a significant opportunity, with industry data reflecting a robust 25% year-on-year growth for the last 2 years. Data from Thomas Cook (India), India’s leading omnichannel forex services company, also reiterates the strong growth momentum in its outbound remittances business.
Traditionally, sending money abroad was considered an arduous process, that involved visits to branches, cumbersome paperwork and limited operating hours. Recognising the challenges, the company has introduced TCPay that offers multiple benefits to transform the way individuals transfer funds. The simple digital platform coupled with Thomas Cook’s recently launched Video KYC process, empowers customers with paperless transfers from the comfort and convenience of their home.
Thomas Cook (India) is India’s leading integrated travel services company.
