TBO Tek Shares Plunge Over 5% To Hit All-Time Low

SUMMARY

Shares of TBO Tek plunged 5.19% to hit an all-time low of INR 1,138 during intraday trading today

The stock recovered slightly to trade 0.79% lower at INR 1,191.65 by afternoon

The travel tech company's shares have declined despite recently launching TravelBytes app for travel agents

Shares of the travel tech company TBO Tek dropped 5.19% to hit an all-time low of INR 1,138.7 during the intraday trading session on the BSE today (March 3).

However, the stock shed some loss to trade 0.79% lower at INR 1191.65 at 3:07 PM on the BSE. At this point, the company’s market capitalisation was at INR 12,932.81 Cr with a market volume of 3.9 Lakh.

TBO Tek shares have been on a downward trajectory, declining nearly 41% from their 52-week high of INR 2,000.00 reached on September 4, 2024.

Two weeks back, the company announced the launch of TravelBytes, a news app designed exclusively for travel agents. According to the company, the app aims to transform how travel professionals access industry updates and insights.

Back then, Vidhu Lamba, vice president of TBO Academy, said that the app provides real-time and curated news updates to help partners stay informed about industry trends and developments.

(The story will be updated)