TBO Tek Jumps Over 9% After Jefferies Raises Price Target

Shares of travel tech major TBO Tek surged 9.4% to an intraday high of INR 1,687 today after brokerage firm Jefferies raised its price target for the company.

At 13:40, the stock was trading 5.3% higher at INR 1,624.25 on the BSE. Its market capitalisation stood at INR 17,622.17 Cr (about $2 Bn). Nearly 10 Lakh shares were traded by then.

Jefferies maintained its ‘Buy’ rating on the company and raised the target price to INR 1,800, up 17% from INR 1,625 earlier. The brokerage firm gave an…