Shares of TBO Tek gained as much as 2.84% during Thursday's trading session, touching an intraday high of Rs 1,733. Brokerage firm Nuvama has initiated coverage on the travel technology company with a 'Buy' rating and a target price of Rs 2,200.
According to an ET Now report citing a Nuvama research note, the brokerage expects TBO Tek to deliver strong growth over the coming years, supported by international expansion, operating leverage and an increasing contribution from the hotel segment.
