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Thomas Cook India shares hit 52-week high on smart earnings

Thomas Cook India shares hit 52-week high on smart earnings

Shares of Thomas Cook India (TCIL) surge by over 7 per cent to a one-year high level in morning trade on the company's robust third quarter earnings.

mas cookShares of Thomas Cook India (TCIL) on Friday surged by over 7 per cent to a one-year high level in morning trade on the company's robust third quarter earnings.

Shares of the travel services and foreign exchange provider jumped 5.93 per cent to a 52-week high of Rs 66 on the BSE.

On the NSE, the stock gained 7.28 per cent to a one-year high of Rs 67.

Thomas Cook India (TCIL) on Thursday posted over three-time increase in consolidated net profit for the fourth quarter ended December 31, 2011 at Rs 5.04 crore compared to the corresponding period last year.

The company's net profit in the fourth quarter of last year was Rs 1.51 crore.

For the full year 2011, Thomas Cook's net profit increased 19.25 per cent to Rs 56.24 crore, against Rs 47.16 crore in 2010.

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Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Published on: Feb 17, 2012, 12:01 PM IST
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