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Kalpataru Power gains after securing orders
Jul 03,2017

The announcement was made after market hours on Friday, 30 June 2017.

Meanwhile, the S&P BSE Sensex was up 115.94 points, or 0.37% at 31,037.55. The S&P BSE Mid-Cap index was up 55.71 points, or 0.38% at 14,700.19.

On the BSE, 2,226 shares were traded on the counter so far as against the average daily volumes of 16,917 shares in the past one quarter. The stock had hit a high of Rs 339 and a low of Rs 334 so far during the day. The stock had hit a 52-week high of Rs 367 on 9 May 2017 and a 52-week low of Rs 208 on 9 November 2016.

The stock had underperformed the market over the past one month till 30 June 2017, declining 1.97% compared with the Sensexs 0.76% fall. The scrip had, however, outperformed the market over the past one quarter advancing 3.63% as against the Sensexs 4.3% rise. The scrip had also outperformed the market over the past one year advancing 28.96% as against the Sensexs 14.53% rise.

The mid-cap company has equity capital of Rs 30.69 crore. Face value per share is Rs 2.

Kalpataru Power Transmission (KPTL) said it has secured new orders worth Rs 676 crore. The contracts include various projects in order from Power Grid Corporation of India (PGCIL) Bareily substation transmission lines worth Rs 237 crore, railway electrification order from PGCIL of east central railway worth Rs 152 crore, orders for transmission line and supply of transmission towers worth Rs 153 crore and Liquefied Petroleum Gas (LPG) import terminal project from Bharat Petroleum Corporation (BPCL) at Haldia worth Rs 134 crore.

Commenting on the new order announcements, Manish Mohnot, Managing Director, KPTL said, the company substation business has got a breakthrough with the success in securing 400kv GIS order from PGCIL. This supports its efforts to grow the substation business. On the back of a solid order book, the company is confident of delivering on its guidance for the financial year 2017-18.

Kalpataru Power Transmissions net profit rose 36.5% to Rs 89.60 crore on 12.3% increase in net sales to Rs 1478.97 crore in Q4 March 2017 over Q4 March 2016.

Kalpataru Power Transmission is an engineering, procurement and construction (EPC) contracting company with a diversified portfolio in power transmission & distribution, cross country pipeline, oil & gas field surface facilities, civil infrastructure projects, power generation (biomass) as well as railway projects.

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Ashok Leyland in top gear after good monthly sales
Jul 03,2017

The announcement was made during trading hours today, 3 July 2017.

Meanwhile, the S&P BSE Sensex was up 111.20 points, or 0.36%, to 31,032.81

On BSE, 10.38 lakh shares were traded on the counter so far as against the average daily volumes of 15.85 lakh shares in the past one quarter. The stock hit a high of Rs 98.50 and a low of Rs 93.50 so far during the day. The stock hit a 52-week high of Rs 100.55 on 1 July 2016. The stock hit a 52-week low of Rs 73.60 on 22 November 2016.

The large-cap company has equity capital of Rs 292.65 crore. Face value per share is Re 1.

Ashok Leylands sales of light commercial vehicles (LCV) rose 29% to 3,128 units in June 2017 over June 2016. Sales of medium & heavy commercial vehicles (M&HCV) rose 6% to 9,202 units in June 2017 over June 2016.

Ashok Leyland reported net profit of Rs 476.17 crore in Q4 March 2017 as compared with net loss of Rs 140.81 crore in Q4 March 2016. Net sales rose 10.79% to Rs 6617.89 crore in Q4 March 2017 over Q4 March 2016.

Ashok Leyland is one of the leading manufacturers of medium and heavy commercial vehicles in India.

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JMC Projects advances after multiple orders win
Jul 03,2017

The announcement was made after market hours on Friday, 30 June 2017.

Meanwhile, the S&P Sensex was up 133.08 points, or 0.43% at 31,054.69. The S&P BSE Small-Cap index was up 75.32 points, or 0.49% at 15,485.84.

On the BSE, 1,075 shares were traded on the counter so far as against the average daily volumes of 6,235 shares in the past one quarter. The stock had hit a high of Rs 283 and a low of Rs 277.50 so far during the day. The stock had hit a 52-week high of Rs 309.20 on 21 April 2017 and a 52-week low of Rs 183 on 21 November 2016.

The small-cap company has equity capital of Rs 33.58 crore. Face value per share is Rs 10.

JMC Projects (India) said that the company has won order for two water pipeline projects in Madhya Pradesh totaling Rs 257 crore. Another orders are for four commercial projects in Bangalore and Chennai totalling Rs 340 crore and one residential project in Chennai of Rs 115 crore.

S K Tripathi CEO & Deputy Managing Director, JMC Projects (India) said that these orders are aligned to the companys focus on building commercial projects in the private space.

JMC Projects (India)s net profit spurted 53.88% to Rs 17.85 crore on 5.94% rise in net sales to Rs 690.43 crore in Q4 March 2017 over Q4 March 2016.

JMC Projects (India) is one of the leading civil engineering procurement construction (EPC) company.

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Tata Motors declines after weak June sales
Jul 03,2017

The announcement was made on Saturday, 1 July 2017.

Meanwhile, the S&P BSE Sensex was up 109.67 points or 0.35% at 31,031.28.

On the BSE, 70,000 shares were traded on the counter so far as against the average daily volumes of 18.89 lakh shares in the past one quarter. The stock had hit a high of Rs 433.70 and a low of Rs 426.65 so far during the day. The stock had hit a 52-week high of Rs 598.60 on 7 September 2016 and a 52-week low of Rs 417.10 on 8 May 2017.

The stock had underperformed the market over the past one month till 30 June 2017, sliding 10.17% compared with the Sensexs 0.76% fall. The stock had also underperformed the market over the past one quarter, declining 7.66% as against the Sensexs 4.3% rise. The scrip had also underperformed the market over the past one year, declining 5.82% as against the Sensexs 14.53% rise.

The large-cap company has equity capital of Rs 577.47 crore. Face value per share is Rs 2.

Tata Motors domestic sales of Tata commercial and passenger vehicles declined 5% to 36,854 vehicles in June 2017 over June 2016.

On a consolidated basis, net profit of Tata Motors declined 16.8% to Rs 4336.43 crore on 2.9% decline in net sales to Rs 77217.19 crore in Q4 March 2017 over Q4 March 2016.

Tata Motors is a market leader in commercial vehicles in India. The companys British luxury unit Jaguar Land Rover (JLR) sells premium luxury cars.

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Maruti Suzuki India inches up after declaring monthly sales
Jul 03,2017

The announcement was made on Saturday, 1 July 2017.

Meanwhile, the S&P BSE Sensex was up 176.88 points, or 0.57% to 31,098.49

On the BSE, 1,054 shares were traded in the counter so far, compared with average daily volumes of 54,767 shares in the past one quarter. The stock had hit a high of Rs 7,256.80 and a low of Rs 7,218.05 so far during the day. The stock hit a record high of Rs 7,469 on 9 June 2017. The stock hit a 52-week low of Rs 4,126.40 on 7 July 2016.

The large-cap company has equity capital of Rs 151.04 crore. Face value per share is Rs 5.

Maruti Suzuki Indias domestic sales grew by 1.2% to 93,263 units in June 2017 over June 2016. Export sales jumped 95.8% to 13,131 units in June 2017 over June 2016.

Meanwhile, Maruti Suzuki India on Saturday, 1 July 2017 announced that the company has passed on the entire benefit of GST rates on vehicles to its customers. The ex-showroom prices of Maruti Suzuki India models have come down by up to 3%. The rate of reduction varies across locations depending on the VAT rates applicable prior to GST, the company said.

Owing to the withdrawal of tax concessions on mild hybrid vehicles, the price of Smart Hybrid Ciaz Diesel and Smart Hybrid Ertiga Diesel has increased. The new prices are effective from 1 July 2017, it added.

Maruti Suzuki Indias net profit rose 15.77% to Rs 1709 crore on 20.32% growth in net sales to Rs 18005.20 crore in Q4 March 2017 over Q4 March 2016.

Maruti Suzuki India is Indias biggest car maker in terms of market share. Japanese parent Suzuki Motor Corporation currently holds 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 31 March 2017).

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Himatsingka Seide gains after ratings upgrade
Jun 30,2017

The announcement was made during market hours today, 30 June 2016.

Meanwhile, the S&P BSE Sensex was up 71.95 points, or 0.23%, to 30,929.47. The S&P BSE Mid-Cap index was up 93.30 points or 0.64% at 14,645.79.

On BSE, so far 12,000 shares were traded in the counter as against average daily volume of 72,133 shares in the past one quarter. The stock hit a high of Rs 342 and a low of Rs 329.80 so far during the day. The stock had hit a record high of Rs 384.50 on 10 February 2017 and a 52-week low of Rs 226.90 on 29 June 2016.

The stock had outperformed the market over the past one month till 29 June 2017, falling 0.75% compared with 0.81% fall in the Sensex. The scrip, however, underperformed the market in past one quarter, falling 1.64% as against Sensexs 4.49% gains. The scrip, however, outperformed the market in past one year, gaining 46.42% as against Sensexs 15.4% gains.

The mid-cap company has an equity capital of Rs 49.23 crore. Face value per share is Rs 5.

Rating agency CRISIL has revised upwards the credit rating of the company from CRISIL A-/ Stable to CRISIL A/ Stable for long term debt and non convertible debentures. For short term debt, CRISIL has revised the rating upwards from CRISIL A2+ to CRISIL A1.

Himatsingka Seides net profit rose 31.91% to Rs 43.57 crore on 55.67% rise in total income to Rs 404.05 crore in Q4 March 2017 over Q4 March 2016.

The Himatsingka Group is a vertically integrated home textile major with a global footprint. The Group focuses on the manufacture, retail and distribution of home textile products.

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Career Point heads north after mulling acquisition
Jun 30,2017

The announcement was made during market hours today, 30 June 2017.

Meanwhile, the S&P BSE Sensex was up 6.43 points or 0.02% at 30,863.95. The S&P BSE Small-cap index was up 27.79 points or 0.18% at 15,338.

On the BSE, 21,000 shares were traded on the counter so far as against the average daily volumes of 5,787 shares in the past one quarter. The stock had hit a high of Rs 111.15 and a low of Rs 101.75 so far during the day. The stock had hit a 52-week high of Rs 141.75 on 26 October 2016 and a 52-week low of Rs 93.70 on 16 June 2017.

The stock had outperformed the market over the past one month till 29 June 2017, falling 0.78% compared with 0.81% fall in the Sensex. The scrip, however, underperformed the market in past one quarter, falling 4.73% as against Sensexs 4.49% gains. The scrip had also underperformed the market in past one year, sliding 10.83% as against Sensexs 15.4% gains.

The small-cap company has equity capital of Rs 18.13 crore. Face value per share is Rs 10.

Career Point said that the company is evaluating acquisition of majority shareholding in Mumbai based Ed-tech company Plancess Edusolutions. Career Point and Plancess Edusolutions have entered into a confidential and exclusive memorandum of understanding (MoU) to execute the proposed transaction. The discussion between the two companies is in advanced stages wherein final execution shall be subject to due diligence, regulatory and other approvals, as applicable.

Plancess Edusolutions provides learning solutions for class IX and XII students and competitive examinations such as JEE, NEET, CAT, Bank PO etc.

Career Points consolidated net profit spurted 67.1% to Rs 4.98 crore on 9.4% increase in net sales to Rs 21.69 crore in Q4 March 2017 over Q4 March 2016.

Career Point caters to the needs of a student throughout the life cycle of a student (KG to PhD) while operating in both formal and informal education streams.

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RCF progresses after getting good response for OFS
Jun 30,2017

The announcement of the offer for sale was made after market hours on 28 June 2017. The stock had slumped 6.01% to Rs 75.10 yesterday, 29 June 2017.

Meanwhile, the S&P BSE Sensex was up 41.69 points, or 0.14%, to 30,899.21. The S&P BSE Mid-Cap index was up 32.10 points, or 0.22%, to 14,584.59.

On the BSE, 7.03 lakh shares were traded in the counter so far, compared with average daily volume of 7.61 lakh shares in the past one quarter. The stock had hit a high of Rs 76.95 and a low of Rs 74.60 so far during the day. The stock had hit a 52-week high of Rs 99.75 on 15 May 2017. The stock had hit a 52-week low of Rs 40.50 on 21 November 2016.

The stock had underperformed the market over the past one month till 29 June 2017, dropping 13.18% compared with 0.81% fall in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 5.4% as against Sensexs 4.49% gains. The scrip had also underperformed the market in past one year, gaining 59.96% as against Sensexs 15.4% gains.

The mid-cap company has an equity capital of Rs 551.69 crore. Face value per share is Rs 10.

On the second day of the bidding for offer for sale (OFS) today, 30 June 2017, as at 14:45 IST, bids were received for 1.96 crore shares from the retail investors, representing a subscription of 355.29%. The OFS received good response from non-retail investors category too. The non retail investors category, who chose to carry forward their bids today, 30 June 2017 from the first day, saw an oversubscription of 228.62%. Non retail category was subscribed 213.88% on the first day of bidding yesterday, 29 June 2017 at an indicative price of Rs 74.29.

Rashtriya Chemicals & Fertilizers said that government, the promoter of the company announced its intention to sell up to 2.75 crore equity shares of the company of face value of Rs 10 each, representing 5% of the total paid up equity share capital of the company. The offer for sale remained open yesterday, 29 June 2017 for non-retail Investors and today, 30 June 2017 for retail investors and for non-retail Investors who choose to carry forward their bids through the separate window provided for the purpose on the stock exchanges.

The floor price for the offer was fixed at Rs 74.25 per equity share of the company.

Further upto 5% of the offer shares over and above the number of offer shares could be offered to eligible and willing employees of the company at a discount of upto 5% of the cut-off price subsequent to completion of the offer.

Rashtriya Chemicals and Fertilizers net profit rose 36.4% to Rs 55.09 crore on 10.9% rise in net sales to Rs 2209.36 crore in Q4 March 2017 over Q4 March 2016.

State-run Rashtriya Chemicals and Fertilizers (RCF) is one of the leading producers of urea in India. The Government of India (GoI) currently holds 80% stake in RCF (as per the shareholding pattern as on 31 March 2017).

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Lypsa Gems advances after fixing record date for bonus shares
Jun 30,2017

The announcement was made during market hours today, 30 June 2017.

Meanwhile, the S&P BSE Sensex was up 2.52 points, or 0.01% at 30,860.04. The S&P BSE Small-Cap index was up 6.12 points, or 0.04% at 15,316.33.

On the BSE, 58,000 shares were traded on the counter so far as against the average daily volumes of 59,702 shares in the past one quarter. The stock was volatile. The stock rose as much as 16.85% at the days high of Rs 69 so far during the day. The stock lost as much as 0.93% at the days low of Rs 58.50 so far during the day. The stock had hit a 52-week high of Rs 79.15 on 14 July 2016 and a 52-week low of Rs 49 on 30 November 2016.

The stock had underperformed the market over the past one month till 29 June 2017, declining 7.3% compared with the Sensexs 0.81% fall. The scrip had also underperformed the market over the past one quarter sliding 10.46% as against the Sensexs 4.49% rise. The scrip had also underperformed the market over the past one year declining 21.42% as against the Sensexs 15.4% rise.

The small-cap company has equity capital of Rs 21.06 crore. Face value per share is Rs 10.

Lypsa Gems & Jewellery announced that the company has fixed 13 July 2017 as record date to eligible shareholders for issuance of bonus share in the ratio 2:5 i.e. two bonus shares for every five held.

Lypsa Gems & Jewellerys consolidated net profit spurted 593.1% to Rs 7 crore on 55.7% increase in net sales to Rs 80.05 crore in Q4 March 2017 over Q4 March 2016.

Lypsa Gems & Jewellery is a wholly owned integrated diamond company sourcing rough diamonds from the major diamond mines and dealers, cutting and polishing them in its own factories & marketing its product to clients across the globe. It also sells diamond-studded jewellery under the Oropel and Lypsa Atelier brand names.

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EPC Industrie climbs up after reinstatement order
Jun 30,2017

The announcement was made during market hours today, 30 June 2017.

Meanwhile, the S&P BSE Sensex was down 58.10 points or 0.19% at 30,799.42. The S&P BSE Small-Cap index was down 12.73 points or 0.08% at 15,297.48.

On the BSE, 14,823 shares were traded on the counter so far as against the average daily volumes of 97,167 shares in the past one quarter. The stock had hit a high of Rs 187 and a low of Rs 182.35 so far during the day. The stock had hit a 52-week high of Rs 205 on 19 June 2017. The stock had hit a 52-week low of Rs 122 on 27 December 2016.

The stock had outperformed the market over the past one month till 29 June 2017, gaining 12.9% compared with 0.81% fall in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 28.54% as against Sensexs 4.49% gains. The scrip had, however, underperformed the market in past one year, dropping 0.27% as against Sensexs 15.4% gains.

The mid-cap company has equity capital of Rs 27.67 crore. Face value per share is Rs 10.

EPC Industrie has received an order dated 29 June 2017 from the Director Horticulture and Farm Forestry, Madhya Pradesh, evacuating the order dated 28 March 2017 in respect of de-registering the company from participating in State Sponsored Horticulture Subsidy Scheme in the country for a period of 1 year.

The Director Horticulture and Farm Forestry vide the order dated 29 June 2017 has evacuated and cancelled the earlier order dated 28 March 2017 and reinstated the companys registration for participating in State Sponsored Horticulture Subsidy Scheme in the country.

EPC Industries net profit fell 17.3% to Rs 3.29 crore on 2.5% decline in net sales to Rs 55.38 crore in Q4 March 2017 over Q4 March 2016.

EPC is a Mahindra group company and is a pioneer of micro-irrigation in India. EPC provides complete solution for agriculture with a focus on micro-irrigation,

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Volumes jump at Kesoram Industries counter
Jun 30,2017

Kesoram Industries clocked volume of 78.7 lakh shares by 13:35 IST on BSE, a 147.33-times surge over two-week average daily volume of 53,000 shares. The stock jumped 5.96% to Rs 145 after a large bulk deal of 75.30 lakh shares was executed on the scrip at Rs 144.90 per share on BSE.

Dr Lal PathLabs notched up volume of 11.07 lakh shares, a 142.25-fold surge over two-week average daily volume of 8,000 shares. The stock dropped 5.82% to Rs 786.45.

Venkys India saw volume of 91,000 shares, a 3.58-fold surge over two-week average daily volume of 26,000 shares. The stock surged 5.43% to Rs 1,712.

Avanti Feeds clocked volume of 39,000 shares, a 2.86-fold surge over two-week average daily volume of 14,000 shares. The stock jumped 6.21% to Rs 1,504.20.

GVK Power & Infrastructure saw volume of 69.57 lakh shares, a 2.8-fold rise over two-week average daily volume of 24.86 lakh shares. The stock spurted 12.15% to Rs 8.31.

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Bank of Baroda advances after brokerage upgrade
Jun 30,2017

Meanwhile, the S&P Sensex was down 45.72 points or 0.15% at 30,811.80.

On the BSE, 9.16 lakh shares were traded on the counter so far as against the average daily volumes of 10 lakh shares in the past one quarter. The stock had hit a high of Rs 161.20 and a low of Rs 156.50 so far during the day. The stock had hit a 52-week high of Rs 202.45 on 5 May 2017 and a 52-week low of Rs 136 on 9 November 2016.

The stock had underperformed the market over the past one month till 29 June 2017, falling 12.64% compared with 0.81% fall in the Sensex. The scrip also underperformed the market in past one quarter, sliding 10.09% as against Sensexs 4.49% gains. The scrip had also underperformed the market in past one year, rising 0.97% as against Sensexs 15.4% gains.

The large-cap bank has equity capital of Rs 460.83 crore. Face value per share is Rs 2.

A foreign brokerage reportedly upgraded the Bank of Baroda stock to buy from neutral with a target price of Rs 200. The outlook for its pre-provision operating profit (PPOP) is better than its rivals, due to expected improvements in its net interest margins, the brokerage said. PPOP is forecasted to grow at an average rate of roughly 13% between 2017-19, it added.

Bank of Baroda reported net profit of Rs 154.72 crore in Q4 March 2017, as compared with net loss of Rs 3230.14 crore in Q4 March 2016. Total income rose 0.5% to Rs 12852.44 crore in Q4 March 2017 over Q4 March 2016.

Government of India holds 59.24% stake in Bank of Baroda (as on 31 March 2017).

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Goa Carbon drops after recent sharp rally
Jun 30,2017

Meanwhile, the S&P BSE Sensex was down 42.57 points, or 0.14% at 30,814.95. The S&P BSE Small-Cap index was up 14.37 points, or 0.09% at 15,324.58.

On the BSE, 1.13 lakh shares were traded on the counter so far as against the average daily volumes of 1.65 lakh shares in the past one quarter. The stock had hit a high of Rs 265.45 and a low of Rs 257 so far during the day. The stock had hit a record high of Rs 269.90 on 29 June 2017 and a 52-week low of Rs 85.10 on 21 November 2016.

The stock had outperformed the market over the past one month till 29 June 2017, advancing 94.16% compared with the Sensexs 0.81% fall. The scrip had also outperformed the market over the past one quarter gaining 137.2% as against the Sensexs 4.49% rise. The scrip had also outperformed the market over the past one year advancing 177.27% as against the Sensexs 15.4% rise.

The small-cap company has equity capital of Rs 9.15 crore. Face value per share is Rs 10.

Shares of Goa Carbon had rallied 14.96% in the preceding two trading sessions to settle at Rs 265.90 yesterday, 29 June 2017, from its close of Rs 231.30 on 27 June 2017.

Goa Carbons net profit spurted 1139% to Rs 5.08 crore on 13.9% increase in net sales to Rs 76.32 crore in Q4 March 2017 over Q4 March 2016.

Goa Carbon is engaged in the business of manufacturing and marketing of calcined petroleum coke.

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GVK Power & Infrastructure leads gainers in A group
Jun 30,2017

GVK Power & Infrastructure jumped 12.96% to Rs 8.37 at 12:36 IST. The stock topped the gainers in the BSEs A group. On the BSE, 69.62 lakh shares were traded on the counter so far as against the average daily volumes of 24.86 lakh shares in the past two weeks.

Blue Dart Express surged 6.82% to Rs 4,700. The stock was the second biggest gainer in A group. On the BSE, 2,399 shares were traded on the counter so far as against the average daily volumes of 621 shares in the past two weeks.

Videocon Industries gained 4.79% to Rs 20.80. The stock was the third biggest gainer in A group. On the BSE, 23.03 lakh shares were traded on the counter so far as against the average daily volumes of 11.12 lakh shares in the past two weeks.

BEML advanced 3.68% at Rs 1,511.20. The stock was the fourth biggest gainer in A group. On the BSE, 63,000 shares were traded on the counter so far as against the average daily volumes of 1.08 lakh shares in the past two weeks.

Prestige Estates Projects rose 3.84% to Rs 248.95. The stock was the fifth biggest gainer in A group. On the BSE, 9,791 shares were traded on the counter so far as against the average daily volumes of 15,000 shares in the past two weeks.

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Thomas Cook extends gains after completing acquisition
Jun 30,2017

The announcement of acquisition was made during market hours yesterday, 29 June 2017. The stock had gained 3.4% to Rs 235.90 yesterday, 29 June 2017.

Meanwhile, the S&P BSE Sensex was down 25.73 points or 0.08% at 30,831.79. The S&P BSE Mid-Cap index was up 18.27 points or 0.13% at 14,570.76.

On the BSE, 32,045 shares were traded on the counter so far as against the average daily volumes of 46,401 shares in the past one quarter. The stock had hit a high of Rs 244 in intraday trade, which is a 52-week high for the stock. The stock had hit a low of Rs 231.80 so far during the day. The stock had hit a 52-week low of Rs 165.60 on 19 May 2016.

The stock has gained 9.07% in three sessions to its ruling price from a close of Rs 223.25 on 27 June 2017.

The stock had outperformed the market over the past one month till 29 June 2017, gaining 15.02% compared with 0.81% fall in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 6.09% as against Sensexs 4.49% gains. The scrip had, however, underperformed the market in past one year, gaining 9.7% as against Sensexs 15.4% gains.

The mid-cap company has equity capital of Rs 36.68 crore. Face value per share is Rs 1.

Thomas Cook (India) announced the completion of the acquisition of a significant part of Kuonis global DMS network.

As a part of this acquisition, the Thomas Cook India Group will now include leading Destination Management Specialists (DMS) like Asian Trails (APAC), Desert Adventures (MENA), ATM-Australian Tours Management (Australia), Allied T Pro (North America), Private Safaris (Eastern Africa) and Private Safaris (Southern Africa) under its network creating a seamless delivery capability for the group and its B2B and B2C customersacross 21 countries and 4 continents.

With this move, The Thomas Cook India Groups travel business network has now expanded significantly - the addition of 17 new countries, increasing its footprint to now cover 21 countries.

The Group, which prior to this acquisition, comprised Thomas Cook (India), SOTC Travel, TCI-SITA and Kuoni Hong Kong had a network spanning 4 countries - India, Sri Lanka, Mauritius and Hong Kong.

Post the acquisition, The Thomas Cook India Group, hasbeen transformed into one of the largest travel service provider networks headquartered in the Asia-Pacific region.

Acquisition of Kuonis global network of Destination Management Specialists (DMS) from Kuoni Travel Investments, Zurich, Switzerland andIor its affiliates was made by Travel Corporation (India) and SOTC Travel, wholly owned subsidiaries of the company.

This acquisition will help the company to enhance and integrate end to end service delivery capabilities and target strategic benefits across inbound, outbound, meetings, incentives, conferences, and events (MICE) and corporate travel businesses - helping deliver superior products, service and value to stakeholders.

On a consolidated basis, Thomas Cook reported net loss of Rs 6.29 crore in Q4 March 2017 compared with net loss of Rs 87.53 crore in Q4 March 2016. Net sales rose 10.4% to Rs 2059.21 crore in Q4 March 2017 over Q4 March 2016.

Thomas Cook (India) is an 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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