Thomas Cook advances after inking pact with Wildlife Reserves Singapore

Thomas Cook (India) gained 1.63% to Rs 240 at 12:27 IST on BSE after the company said that it has entered into a three year strategic agreement with Wildlife Reserves Singapore.

The announcement was made during market hours today, 26 February 2018.

Meanwhile, the S&P BSE Sensex was up 241.79 points, or 0.71% to 34,383.94. The S&P BSE Mid-Cap index was up 144.40 points, or 0.87% to 16,706.43, outperforming the Sensex.

A spurt in volume was witnessed on the counter. On the BSE, 8.78 lakh shares were traded in the counter so far, compared with average daily volumes of 33,893 shares in the past one quarter. The stock had hit a high of Rs 244.90 and a low of Rs 235.20 so far during the day. The stock had hit a record high of Rs 274.15 on 15 January 2018. The stock had hit a 52-week low of Rs 185.85 on 28 February 2017.

The stock had underperformed the market over the past one month till 23 February 2018, falling 6.07% compared with the Sensex's 5.53% fall. The scrip had, however, outperformed the market over the past one quarter gaining 2.43% as against the Sensex's 1.65% rise. The scrip had also outperformed the market over the past one year rising 22.9% as against the Sensex's 18.17% rise.

The mid-cap company has equity capital of Rs 36.71 crore. Face value per share is Re 1.

Thomas Cook (India) has entered into a 3 year strategic agreement with Wildlife Reserves Singapore (WRS) an organization dedicated to the management of world-leading zoological institutions - Jurong Bird Park, Night Safari, River Safari and Singapore Zoo.

Thomas Cook India's internal data has revealed a strong and significant growth of Indians travelling to Singapore with a 20% yearly growth. Additionally, WRS reveals that India is one of the top five countries in terms of visitors across its four parks.

Hence, in a focussed initiative to leverage this high potential growth segment, Thomas Cook India and WRS have entered into a strategic agreement and via this three year plan, both companies will focus on a multipronged engagement that includes product development, joint consumer promotions and MarCom to showcase Wildlife Reserves Singapore.

Thomas Cook's consolidated net profit spurted 1188.4% to Rs 59.78 crore on 51.2% rise in net sales to Rs 3005.45 crore in Q3 December 2017 over Q3 December 2016.

Thomas Cook (India) is the leading integrated travel and travel related financial services company in the country offering a broad spectrum of services that include foreign exchange, corporate travel, MICE, leisure travel, insurance, visa & passport services and e-business.

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