Thomas Cook (India) Ltd's Stock Sees Dip, But Remains Strong in Travel Services Industry

Sep 02 2024 03:05 PM IST
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Thomas Cook (India) Ltd, a leading travel services company, saw a -5.0% decline in its stock performance on September 2nd. Despite this, MarketsMojo has given a 'Buy' call and the company's moving averages are higher than the sector's, indicating a positive trend. Investors can monitor this midcap company for potential growth opportunities.

Thomas Cook (India) Ltd, a leading travel services company in the midcap industry, has recently faced a dip in its stock performance. On September 2nd, the company's stock saw a decline of -5.0%, underperforming the sector by -0.31%. The stock touched an intraday low of Rs 218.5, a decrease of 5% from the previous day's closing.

Despite this recent dip, MarketsMOJO has given a 'Buy' call for Thomas Cook (India) Ltd's stock. The company's moving averages are currently higher than the 20-day and 200-day moving averages, indicating a positive trend. However, the stock is currently lower than the 5-day, 50-day, and 100-day moving averages.

In comparison to the sector's performance, Travel Services has fallen by -4.69%. However, Thomas Cook (India) Ltd's 1-day performance is still better than the Sensex's performance of 0.26%. Similarly, the company's 1-month performance is -0.99%, while the Sensex has seen a growth of 1.98%.

Despite the recent dip in stock performance, Thomas Cook (India) Ltd remains a strong player in the travel services industry. With a 'Buy' call from MarketsMOJO and positive moving averages, the company is poised for a potential rebound in the near future. Investors can keep an eye on this midcap company for potential growth opportunities.
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