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Thomas Cook: More interest in store

The change in control at the global level in the parent company of Thomas Cook India may spark some interest in the stock.

The parent company is being acquired by Germany's second largest travel firm -- C & N Touristic AG -- which is taking controlling stake in a deal valued at $ 795 million. The acquisition could lead to the prospect of an open offer under the takeover code due to a change in control and acquisition of a stake of over 15 per cent. But this may become a firm outcome only when more details on the exact modalities of the global restructuring is available. In this backdrop, the Thomas Cook stock may show firm trends and heightened market interest in the short term. -- BL Research Bureau