Mukul Agrawal's portfolio stock: This multibagger & SOTC Travel inks strategic MoU with Breathtaking Sentosa!
Our partnership with Sentosa will focus on extensive product curation, consumer engagement and promotions to drive visitations.
On July 31, 2023, the shares of Thomas Cook (India) Limited soared 1.47 per cent. The company's current market capitalization is Rs 3,954.02 crore.
Thomas Cook and its Group Company SOTC Travel, have observed a significant 82 per cent increase in Indian demand for multiple mini-cations leading to a growing interest in closer-to-home destinations with easy visa access. To capitalize on this opportunity, Thomas Cook and SOTC have entered into a strategic partnership with Sentosa Development Corporation (SDC), Singapore.
This collaboration aims to leverage the companies' viable leisure segments and boost product development and marketing efforts to promote Sentosa as a top destination for Indian travelers.
Sentosa's e-visa facility and excellent air connectivity make it convenient for Indian travelers to plan multiple getaways.
The MoU aims to strengthen the relationship between Thomas Cook, SOTC, and Sentosa, with a focus on increasing destination awareness and capturing more travelers from major Indian cities, as well as emerging tier 2 and 3 cities.
Abraham Alapatt, President & Group Head - Marketing, Service Quality, Value Added Services & Innovation, Thomas Cook (India) Limited said, “Indians are travelling like never before! With short hauls and exciting experiential travel steering demand, Sentosa is perfectly poised to capture the strong and growing appetite from the India market. Our MoU with Sentosa Development Corporation hence aims to showcase the premier island getaway’s engaging and enriching experiences – to India’s families/multigenerational families, Young India’s Millennials/Gen Z, couples, ad-hoc groups of friends/colleagues and our power driver corporate MICE segment. Our strategic partnership with Sentosa will focus on extensive product curation, consumer engagement and promotions to drive visitations.”
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About Thomas Cook:
Thomas Cook provides an extensive range of services, including Foreign Exchange, Corporate Travel, MICE (Meetings, Incentives, Conferences, and Exhibitions), Leisure Travel, Visa & Passport services, and E-Business. Having established its first office in India in 1881, the Thomas Cook India Group now operates in over 25 countries across 5 continents, supported by a team of more than 8,388 dedicated professionals. The company boasts 19 brands, such as SITA, TCI, and Distant Frontiers, under its name.
Ace investor Mukul Mahavir Agrawal holds a 1.06% stake in this company. His investment plays a significant role in the company's ownership structure, showcasing his confidence in its potential and growth prospects.
The stock has witnessed significant buying activity as it has surged more than 184 per cent in the last 3 years.
Keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.