Thomas Cook gains on meeting its expansion target for 2013

Thomas Cook (India) rose 2.35% to Rs 76.15 at 13:06 IST on BSE after the company said it has delivered on its aggressive expansion strategy in 2013.

The announcement was made during trading hours today, 24 October 2013.

Meanwhile, the S&P BSE Sensex was up 140.74 points or 0.68% at 20,908.62.

On BSE, 56,000 shares were traded in the counter as against average daily volume of 31,152 shares in the past one quarter.

The stock hit a high of Rs 77.80 and a low of Rs 75 so far during the day. The stock had hit a 52-week high of Rs 81.50 on 22 October 2013. The stock had hit a 52-week low of Rs 47.55 on 8 March 2013.

The stock had outperformed the market over the past one month till 23 October 2013, surging 24.1% compared with the Sensex's 4.36% rise. The scrip had also outperformed the market in past one quarter, jumping 32.27% as against Sensex's 2.29% rise.

The small-cap company has equity capital of Rs 24.76 crore. Face value per share is Re 1.

Thomas Cook (India) said that the company has delivered on its aggressive expansion strategy in 2013, adding 34 new locations pan India, including 12 owned offices, 22 Gold Circle Partner (franchise) outlets, and an additional location each in Mauritius, Sri Lanka and Nepal.

Commenting on the expansion, Mr. Madhavan Menon, MD, Thomas Cook (India) said, "At Thomas Cook India, our customers have always been the focus of our initiatives, and the intent behind our expansion strategy was to reach out to not just our metro audiences, but also our rapidly growing Tier II & III regional consumers, across India. We have also established our presence in Nepal with a franchise outlet in Kathmandu, and expanded our branch network in Sri Lanka and Mauritius. I am delighted with this achievement of an extensive network, offering our travel hungry customers enhanced access and convenience, and timed perfectly for our newly launched holiday packages for Summer 2014".

Thomas Cook (India)'s consolidated net profit rose 4.8% to Rs 32.50 crore on 133.7% growth in net sales to Rs 300.53 crore in Q2 June 2013 over Q2 June 2012.

Thomas Cook (India) is one of the largest 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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