Jefferies has initiated a “Buy” call on TBO Tek with a target price of ₹2,000, suggesting an 18% potential upside from the current market price of ₹1,689. The brokerage highlights TBO Tek’s strong positioning as a B2B platform focused on outbound travel, driven by its margin-accretive hotel business.
Jefferies notes that TBO Tek is effectively consolidating a fragmented market and believes the company may be relatively shielded from recent growth moderation trends in the global travel market. With a projected PAT CAGR of 31% over FY24-27, TBO Tek is positioned to expand its global footprint and continue its growth trajectory.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult a financial advisor before making any investment decisions.
