Thomas Cook surges on cruise tie-up announcement

DALAL STREET SPIKES

The Thomas Cook India stock spurted 19.8 per cent to close the day at Rs 54.75 after the company announced a tie-up with Indian Ocean Cruises. With the tie-up, Thomas Cook can exclusively market Indian Ocean Cruises across Mauritius and India.

The alliance is for heritage cruise MS Ocean Odyssey, which will embark on its first journey in January next year. Thomas Cook has also formed a three-way alliance, involving Mauritius Tourism Authority and with Indian Ocean Cruises to make Mauritius a preferred destination for operators.

The stock hit an intraday high of Rs 54.8 (20 per cent upper circuit) and a low of Rs 44.55. It witnessed trading volumes of 192,584 shares, a six-fold increase in its two-week average. The scrip has been up by 31 per cent over the last one week.