Thomas Cook hits upper circuit

MUMBAI: Shares of Seth Thomas Cook India
were locked on 20 per cent upper electrical circuit Friday after studies that it have tied
up with the Nipponese traveling services firm, JTB Corporation to hike its travel
business. At 2:35 pm, the stock was at Rs 91.20, up Rs 15.20 on
volume of 12,73,092 shares against two-week mean of 61,532 shares. The stock
has been on an up-move gaining 22.66 per cent in a week. It have surged 61.70 per
cent in the past 1 month. Over 60 per cent of Seth Thomas Cook
India’s grosses come up from forex concern and it is trying to increase the
slice of the traveling pie. The confederation is for a scope of traveling activities
including leisure time outbound, corporate traveling and arriving traveling to India. The Tokyo-based JTB Corporation is one of the biggest traveling companies in
the world, and the confederation will supply it with a platform for an Republic Of India entry. The traveling cooperation agreements would be for inbound, outbound
and corporate traveling across marketplaces such as as Japan, People'S Republic Of China South East Asia,
Australia, New Zealand, Europe and America. The company’s
rights issue is delayed owed to change in the retention parent of principal
shareholder Dubai Holding. It is now expected to take topographic point next year. The issue
is to portion finance Seth Thomas Cook India’s acquisition of forex company LKP
Finance.