Thomas Cook (India) Ltd Share Price – NSE  /  BSE

Miscellaneous, Small Cap

Thomas Cook's forex prepaid card data reiterates that the corporate/business traveller is its fastest growing segment with over 50% share. In a strategy to rapidly grow its market share while supporting corporates in reducing their carbon footprint, Thomas Cook (India) has launched EnterpriseFx - a pioneering, environment friendly prepaid forex corporate card. In partnership with Visa & Mastercard, the innovative product has been thoughtfully designed, offering a range of premium benefits to empower business travellers - across India Inc, multinationals and SMEs. This initiative reiterates Thomas Cook's position as India ka Forex Specialist (#IKFS) - highlighting the Company's sustained focus on innovation and elevated customer experience.

Aligned with the Company's sustainability goals, Thomas Cook's EnterpriseFx Card features three key elements: 1) made from recycled plastic 2) security feature of a green pin (paperless) 3) Thomas Cook pledge to plant a tree on behalf of the Corporate for every 25th card sold; additionally an e-certification and geo-tagging. The cumulative impact is a saving of approx. 30 kgs carbon emissions per card. So, for 1 lakh EnterpriseFx cards, a significant 3000 tonnes of carbon emission saved which is equivalent to over 12 lakh trees.

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The domestic equity barometers pared early gains and traded with minor cuts in morning trade. The Nifty traded below the 22,450 mark after the high of 22,619 in early trade. Pharma shares extended losses for the third consecutive trading session. Trading was volatile due to the expiry of weekly index options on the NSE.

At 10:27 IST, the barometer index, the S&P BSE Sensex, was down 13.2 points or 0.02% to 73,857.90. The Nifty 50 index shed 12 points or 0.05% to 22,429.35.

In the broader market, the S&P BSE Mid-Cap index rose 0.30% and the S&P BSE Small-Cap index added 0.49%.

The market breadth was positive. On the BSE, 2,262 shares rose and 1,247 shares fell. A total of 144 shares were unchanged.

The RBI Monetary Policy Committee (MPC) kicked off its 3-day meeting deliberating interest rates and analysing the state of the economy on April 3 and will end on April 5. While the RBI is widely expected to keep rates on hold, any signals on inflation and economic growth will be closely watched, as per reports.

Buzzing Index:

The Nifty Pharma index shed 0.45% to 19,066.80. The index declined 0.73% in the three trading session.

Mankind Pharma (down 1.66%), Sun Pharmaceuticals Industries (down 1.17%), Torrent Pharmaceuticals (down 0.95%), Cipla (down 0.94%), Aurobindo Pharma (down 0.85%), Alkem Laboratories (down 0.74%), Granules India (down 0.67%), Dr Reddys Laboratories (down 0.51%), Zydus Lifesciences (down 0.39%) and Biocon (down 0.2%) edged lower.

On the other hand, Ipca Laboratories (up 2.75%) Sanofi India (up 1.24%) and Laurus Labs (up 0.86%) advanced.

Stocks in Spotlight:

Punjab & Sind Bank shed 0.30%. The bank said that its board has been appointed Arnab Goswami as chief financial officer (CFO) of the Bank vice Mahima Agarwal for a period of 3 years with effect from 3 April 2024.

L&T Finance Holdings added 1.76% after the company recorded retail disbursements for Q4 FY24 is estimated at approximately Rs 15,030 crore, i.e., a growth of nearly 33% on a YoY basis.

Brigade Enterprises rose 0.85%. The company has signed a Joint Development Agreement (JDA) with United Oxygen Company Private Limited to develop a ‘Grade A’ office space on ITPL Road, Whitefield in East Bengaluru. The project will have a leasable area of 3.0 L sq. ft., and a Gross Development Value (GDV) of around Rs 340 crore.

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Thomas Cook (India) has inaugurated a new branch in the high potential market of Bhuj. This increases Thomas Cook's consumer access in the state to 7 locations across Ahmedabad, Baroda, Surat, Rajkot, Anand and Bhuj. In addition to the customers from the city of Bhuj, the new branch will also service customers from the surrounding catchments of Anjar, Mundra, Gandhidham, Kandla, Bhachau, Naliya, Madhapar and Jodiya.

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Thomas Cook (India) has been honoured with ‘MICE Tour Operator of the Year - Outbound' award at SATTE. One of Asia's leading travel and tourism platform, SATTE provides a platform to industry players to conduct business, share knowledge and exchange ideas.

Thomas Cook's MICE Team was recognized for its stellar outbound delivery over the past year on mid to large Corporate MICE movements of 100 to over 2000 delegates/customers to a diversity of destinations including Iceland, Switzerland, France, Italy, Dubai, Denmark, Australia, Spain, Portugal, Dubai, Abu Dhabi, Malaysia, Japan, Turkiye, Thailand, Africa and Kenya.

The Company built and leveraged strong partnerships and alliances to deliver distinctive experiences for its MICE corporates. Cutting edge experiences include setting up a special food truck near Iceland's Skógafoss, a chocolate train experience in Switzerland, Ferrari drives on an exclusive circuit in Modena (the birthplace of Ferrari), regatta sailing in Barcelona, Harley-Davidson biking through Capetown, self-drives in a super car from Germany to Austria, and more

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