New Delhi, Sept. 8 -- The share price of TBO Tek, a global B2B travel distribution platform, jumped 9.4% in Monday's intraday trade, September 08, to hit a nine-month high of Rs.1,687 apiece after global brokerage firm Jefferies revised the target price higher to Rs.1,800 from an earlier target of Rs.1,625 apiece, while maintaining its 'buy' rating.

Today's jump also led the stock to gain 28%, its biggest monthly gain since June 2024. The hike in target price follows the company's recent acquisition of US-based Classic Vacations from a Phoenix-based investment firm for $125 million, which the brokerage believes will strengthen TBO Tek's presence in the premium outbound market, especially in North America.

Jefferies believes this acquisi...