Stocks of Thomas Cook, Sterling Holidays shoot up 3%

Reports said Thomas Cook will buy out Sterling Holidays

Stocks of Thomas Cook and Sterling Holidays shot up around 3% each on reports that the former will buy out the Chennai-based Sterling Holidays.

Boards of both the companies are expected to meet today to take a call on the subject, according to reports.

Stock of Thomas Cook was trading at Rs 88.30, around 3% up from previous close and Sterling Holidays' stock was trading at Rs 95.80, up 3% from yesterday's close.