Introduction:
Surge in market interest occurred following significant block deals, with major mutual funds acquiring substantial stakes. Key institutional investors added shares, reflecting growing confidence in the company’s potential and signaling a positive outlook for its future performance.
Share price movement of TBO Tek:
On December 4, 2024, TBO Tek Ltd opened at ₹1,567.75, up 2.40% from its previous close of ₹1,531.05. The stock reached a high of ₹1,583.95 (3.46%) and a low of ₹1,522.00. By 3:25 PM, it traded at ₹1,542.00, a 0.72% increase, with a market cap of ₹16,744.24 crore.
TBO Tek receives mutual fund investments:
TBO Tek Ltd saw heightened market interest following significant block deal transactions. Augusta TBO (Singapore) Pte Ltd sold 40.74 lakh shares, and TBO Korea Holdings Limited offloaded 23.05 lakh shares at an average price of ₹1,465.14 per share.
Among the buyers, ICICI Prudential Mutual Fund acquired 6.63 lakh shares (0.61% stake), SBI Mutual Fund picked up 12.5 lakh shares (1.15% stake), and Axis Mutual Fund bought 8.76 lakh shares (0.81% stake). This move highlights growing institutional confidence in TBO Tek Ltd’s market potential.
Recent news on TBO Tek:
As of November 12, 2024, TBO Tek Ltd reported a 7% rise in Q3 profit after tax (PAT), reaching ₹60 crore. The company also saw a 28% YoY revenue growth, driven by strong performance in the hotel segment.
Stock performance of TBO Tek for Period of 1 week and 6 months:
Over the past week, TBO Tek Ltd’s stock has declined by 2.15%, reflecting short-term volatility. However, over the last six months, the company has shown a slight positive performance with a 0.16% increase, indicating stable growth.
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Shareholding pattern of TBO Tek:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 44.40% | 44.40% | 44.40% |
| FII | 43.10% | 42.80% | 40.30% |
| DII | 6.60% | 6.60% | 7.90% |
| Public | 4% | 4.00% | 5% |
| Others | 2.20% | 2.20% | 2.20% |
About TBO Tek:
TBO Tek Ltd (NSE: TBOTEK), established in 2006, operates a B2B travel distribution platform connecting over 159,000 buyers and 6,998 suppliers globally. The company has a strong presence with offices in India and internationally, offering diverse travel services.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
