Thomas Cook jumps 5% on Ikya Human deal

Thomas Cook (India) jumped on Wednesday after it signed an investment agreement to acquire a 74% interest in IKYA Human Capital Solutions, India's leading human resources staffing solutions company, for consideration of Rs 2.56 billion (approximately USD 47 million).

The transaction remains subject to customary closing conditions and regulatory approvals as required. Shares ofthe companyare trading at Rs 56.85, up Rs 3, or 5.57% at the Bombay Stock Exchange (BSE) on Wednesday at 9:46 a.m.The scrip has touched an intra-day high of Rs 58.10 and low of Rs 55. The total volume of shares traded at the BSE is 21,919.In the earlier session, the shares declined 2.53%, or Rs 1.4, at Rs 53.85. Currently, the stock is trading down 24.1% from its 52-week high of Rs 74.90 and above 34.56% over the 52-week low of Rs 42.25.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 55.50 (1.65) (2.97) 1 Month 58.25 (4.40) (7.55) 3 Months 60.90 (7.05) (11.58) 6 Months 60.00 (6.15) (10.25) 1 Year 44.95 8.90 19.80 Note: Based on previous day closing price.