Dec 24, 2013, 01.09 PM IST
Speaking to CNBC-TV18, Madhavan Menon, managing director, Thomas Cook, says the company is likely to see a 20 percent plus growth on outbound travel. And while inbound travel was sluggish, it started seeing an improvement recently from Russian and American tourists.
Tags Thomas Cook, festive season, outbound travel, inbound travel, Ikya Human Solutions
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Expect over 20% outbound growth in 2014: Thomas Cook
Speaking to CNBC-TV18, Madhavan Menon, managing director, Thomas Cook, says the company is likely to see a 20 percent plus growth on outbound travel. And while inbound travel was sluggish, it started seeing an improvement recently from Russian and American tourists.
Like this story, share it with millions of investors on M3
Expect over 20% outbound growth in 2014: Thomas Cook
Speaking to CNBC-TV18, Madhavan Menon, managing director, Thomas Cook, says the company is likely to see a 20 percent plus growth on outbound travel. And while inbound travel was sluggish, it started seeing an improvement recently from Russian and American tourists.
Speaking to CNBC-TV18 in what is the peak of festive season in India, Menon says the company is likely to see a 20 percent plus growth on outbound travel. And while inbound travel was sluggish, it started seeing an improvement recently from Russian and American tourists.
Furthermore, Menon says the company's 74 percent acquisition of Ikya Human Solutions is working as per plan. The operations are in-line with expectations and the margins, too, are steady, he adds.
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Thomas Cook stock price
On December 24, 2013, at 14:13 hrs Thomas Cook (India) was quoting at Rs 86.75, down Rs 1, or 1.14 percent. The 52-week high of the share was Rs 91.60 and the 52-week low was Rs 47.55.
The company's trailing 12-month (TTM) EPS was at Rs 1.90 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 45.66. The latest book value of the company is Rs 16.21 per share. At current value, the price-to-book value of the company is 5.35.
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