Sharekhan recommended hold rating on Thomas Cook India with a target price of Rs 298 in its research report dated April 24, 2018.
Sharekhan's research report on Thomas Cook India
TCIL board has approved corporate restructuring process wherein travel and financial services business will be part of TCIL and HR services will be part of Quess Corp. Post the regulatory approval, TCIL will not hold any stake in Quess Corp as existing shareholders of TCIL will receive shares of Quess in the proposed swap ratio. The proposed restructuring will simplify the group structuring, help TCIL and Quess grow independently and enhance shareholders value in near future.
We maintain our Hold rating with an unchanged price target of Rs. 298.
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