TBO Tek Shares Rise Nearly 3% as Nuvama Starts Coverage With Rs 2,200 Target
TBO Tek shares climbed nearly 3% on Thursday to Rs 1,733 after Nuvama initiated coverage on the travel technology company with a Buy rating and a target price of Rs 2,200. The brokerage said it expects the company to deliver a 35% earnings CAGR over FY27-FY29E, supported by international expansion and growth in its hotel business.
