April 20, 2025
Home » JM Financial maintains Buy on TBO Tek, lowers target price to Rs 1,400 Jobbery Stock Market update New
JM Financial maintains Buy on TBO Tek, lowers target price to Rs 1,400

JM Financial maintains a buy call on TBO Tek, lowering the target price to Rs 1,400 due to moderated growth expectations in the international H&P segment and adjusted EBITDA margin forecasts. Despite near-term impacts, the brokerage anticipates strong growth, estimating significant CAGR in GTV, Revenue, and EBITDA over the next three fiscal years.

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