21 Sep 2024

TBO Tek Sees Stock Rise Following Establishment of New Subsidiary in Canary Islands

TBO Tek’s stock is trading at Rs. 1745.95, marking an increase of 12.05 points or 0.69% from its previous close of Rs. 1733.90 on the BSE.

The stock opened at Rs. 1800.00, hitting a high of Rs. 1810.00 and a low of Rs. 1743.70 during the session. A total of 4037 shares have been traded so far.

The company's stock, which falls under BSE group 'B' with a face value of Rs. 1, reached a 52-week high of Rs. 2000.00 on September 4, 2024, and a 52-week low of Rs. 1229.45 on June 4, 2024.

Over the last week, the stock’s high and low stood at Rs. 1810.00 and Rs. 1718.95, respectively. The company’s current market capitalization is Rs. 18,937.17 crore.

Promoters hold 44.41% of the company’s shares, while Institutions and Non-Institutions hold 49.39% and 6.20%, respectively.

TBO Tek’s subsidiary, Jumbonline Accommodations & Services S.L.U., has set up a new wholly-owned subsidiary in the Canary Islands, named TBO Jumbonline Canarias, S.L.U., as part of the company’s expansion plans to increase its presence in the region.

TBO Tek is a travel distribution platform that tailors travel solutions to meet its customers' needs, supporting multiple currencies and offering foreign exchange assistance.