TBO Tek Ltd. (TBOT.BO) 1QFY25 in line; Sector~leading growth to sustain despite near~term travel weakness; Buy
Goldman Sachs·2024-08-14 10:59

14 August 2024 | 6:11AM IST TBO Tek Ltd. (TBOTBO) Buy 10FY25 in line; Sector-leading growth to sustain despite near-term travel weakness; Buy TBOT.BO 12m Price Target: Rs1,950.00 Price: Rs1,636.10 b Upside: 19.2% A few of the global OTAs who have reported their June quarter results have suggested weakness in near-term travel demand, and while TBO also saw a decelerating growth trend in 1QFY25, the company's ability to supplement demand through an increasing buyer base meant revenue growth was robust at 21 % ...