Thomas Cook (India) has rallied 7% to Rs 67 on doubling net profit at Rs 5.04 crore for the quarter ended December 2011, compared to Rs 1.51 crore for the same quarter of the previous fiscal. Revenues grew 31% at Rs 87.30 crore on year-on-year basis.
“Improved margins and aggressive expansion, via a combination of owned shops and franchises partners, primarily in the tier II and III markets, has played a significant role,” the company said in a filing to the stock exchanges.
A combined 550,000 shares have changed hands on the counter on opening deals on both the exchanges.
The Securities Appellate Tribunal (SAT) today directed the market regulator Securities and Exchange Board of India (Sebi) to give a reasoning for ...