TBO Tek shares gained 3% in early trading as Jefferies initiated a “Buy” rating with a target price of ₹2,000.
Jefferies highlights TBO Tek’s effective market consolidation, which offers a competitive edge despite slower growth in the global travel sector. With a forecasted PAT CAGR of 31% from FY24 to FY27, TBO Tek is well-positioned for international expansion and long-term growth.
As of 10:10 am, TBO Tek shares were trading 2.33% higher at Rs 1,719.25 on the NSE.
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