TBO Tek Shares Rise Nearly 3% as Nuvama Starts Coverage With Rs 2,200 Target
TBO Tek shares climbed nearly 3% on Thursday after Nuvama initiated coverage on the travel technology company with a Buy rating and a target price of Rs 2,200. The brokerage cited strong earnings visibility, projecting a 35% compound annual growth rate in earnings over FY27-FY29E, supported by international expansion and growth in the hotel business.
