Upper circuit alert: This multibagger small-cap company partners with National Payments Corporation of India; reports a 200 jump in operating profit!

Shares of the company gained more than 85 per cent in the last six months.

Thomas Cook, India's leading omnichannel forex services company, has partnered with the National Payments Corporation of India (NPCI) to launch a RuPay prepaid forex card for Indians travelling to the UAE. It is the first time that a RuPay card has been launched specifically for travel to the UAE. Thomas Cook plans to roll out the card globally in a phased manner.

In the recent quarter Q1FY24, the company posted strong Quarterly Results. The revenue of the company stood at Rs 1898.98 crore which grew by 94.53 per cent YoY. The operating profit of the company stood at Rs 156.86 crore, while the PAT of the company stood at Rs 72.55 crore, representing a growth of 1242 per cent YoY.

Thomas Cook (India) Limited is a leading integrated travel and travel-related financial services company in India, offering a broad spectrum of facilities including forex, corporate travel, leisure travel, and visa and passport services.

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On Friday, the stock opened at Rs 114.05, with a high and low of Rs 119.75 and Rs 114.05. The stock closed trading at Rs 119.75, up by 5.00 per cent. The stock has a 52-week high of Rs 122.40 and a 52-week low of Rs 52.45.

The shares of the company have delivered multibagger returns of over 280 per cent in the last three years and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.