Is this right time to buy shares of Thomas Cook? Heres what Anil Singhvi suggests - Check stop loss

Thomas Cook share price NSE, BSE; Thomas Cook share price target: Shares of travel services provider Thomas Cook (India) Ltd are in focus as there is strong momentum in companies related to the travel and tourism sector. The counter opened at Rs 225.10, a jump of Rs 5.55 or 2.52 per cent from the previous close of Rs 219.55 on the BSE. However, the shares went down to the day's low of Rs 213.55 amid selling pressure before touching an intraday high of Rs 226.05. Last seen, the counter was trading at Rs 215.50. 

The shares of Thomas Cook, which has a market cap of Rs 10.164.92, have a 52-week high of Rs 228.15 and a 52-week low of Rs 59.47.

Thomas Cook share price NSE, BSE: Check target price and stop loss by Anil Singhvi

Zee Business Managing Editor Anil Singhvi on Thursday said that he has picked Thomas Cook as 'Stock of the Day' as the company has shown strong operational performance and has turned profitable from the loss. 

He suggested investors buy the stock with targets of Rs 227 and Rs 230. Singhvi also suggested that investors can keep a stop loss of Rs 216.

Thomas Cook share price history

Shares of Thomas Cook have given a multibagger return of around 205 per cent in one year. It has surged over 231 per cent in two years and has increased around 55 per cent so far this year.

Thomas Cook Q4 Results

Meanwhile, Thomas Cook has reported a consolidated net profit of Rs 58.17 crore for the fourth quarter of the financial year 2024. The company posted a consolidated net loss of Rs 10.22 crore in the same quarter a year ago.

According to an exchange filing, its consolidated total income stood at Rs Rs 1,692.61 crore in the quarter ending March 31, 2024. The total expenses in the fourth quarter were higher at Rs 1,631.92 crore compared to Rs 1,330.1 crore in the year-ago period.