TBO Tek rises 3% after Nuvama starts Buy at Rs 2,200
In short
TBO Tek shares jumped nearly 3% on Thursday to Rs 1,733. Nuvama started coverage with a Buy rating and a target price of Rs 2,200, and it expects 35% earnings growth a year for FY27 to FY29E.
This matters because it suggests more upside for the travel tech company if the forecast plays out. The report does not say whether the company agreed with the view or how other brokers are reacting.
What the reporting says
TBO Tek shares rose nearly 3% to Rs 1,733 on Thursday after Nuvama initiated coverage with a Buy rating and a Rs 2,200 target price. The brokerage expects 35% earnings CAGR over FY27-FY29E, driven by international expansion and hotel business growth. The immediate market reaction was positive, but the reporting does not say whether other brokerages agree or how management responded.
Why it matters
TBO Tek shares gained nearly 3% to Rs 1,733 after Nuvama initiated coverage with a Buy rating and a Rs 2,200 target. The brokerage expects 35% earnings CAGR over FY27-FY29E, citing international expansion and hotel business growth. The call may support sentiment around the stock, but the reporting does not provide details on execution risks or other analysts’ views.