Shares of the travel tech company TBO Tek dropped by 5.19% to reach an all-time low of INR 1,138.7 during intraday trading on the Bombay Stock Exchange (BSE) today, March 3, 2025. The sharp decline in the stock price sent shockwaves through the market, as investors reacted to the downward trend that has plagued the company’s stock for some time. However, the stock later recovered slightly, shedding some of the initial losses. By 3:07 PM, TBO Tek’s shares were trading 0.79% lower at INR 1,191.65, reflecting a partial rebound. At that point, the company’s market capitalisation stood at INR 12,932.81 crore, with a market volume of 3.9 lakh shares.
TBO Tek’s shares have been on a continuous downward trajectory, which has raised concerns among investors. The stock has declined nearly 41% from its 52-week high of INR 2,000.00, reached on September 4, 2024. This dramatic fall in stock value is indicative of the company’s struggle in maintaining investor confidence, despite its efforts to innovate and expand within the travel tech sector. The stock’s performance has raised questions about the company’s future prospects, particularly in light of the broader challenges within the travel and technology industries.
In recent weeks, TBO Tek attempted to reverse its fortunes with the announcement of a new initiative aimed at travel professionals. Two weeks ago, the company unveiled TravelBytes, a dedicated news app designed exclusively for travel agents. The app is being pitched as a transformative tool that will help travel professionals stay up-to-date with industry trends and insights. According to TBO Tek, the app provides real-time, curated news updates, making it easier for travel agents to stay informed about developments that could impact their businesses.
Vidhu Lamba, vice president of TBO Academy, emphasised the importance of the app during its launch, highlighting that it offers personalised updates to help partners better understand shifts in the travel landscape. The app is positioned as a resource that would not only save time but also provide valuable knowledge to travel agents, empowering them to make more informed decisions. Despite the promising features of TravelBytes, the impact of this new product launch has not been enough to halt the slide in TBO Tek’s stock price, which has continued to underperform in the market.
The company’s struggles come at a time when the travel and tech industries are facing a range of challenges, including shifting consumer preferences, increased competition, and rising operational costs. TBO Tek, which has long been a prominent player in the travel tech space, is under pressure to find ways to revitalise its business and maintain its position in an increasingly competitive market.
As of now, TBO Tek’s market performance remains closely watched, with investors keeping a close eye on any further developments that might signal a change in its fortunes. The success of initiatives like TravelBytes could play a pivotal role in the company’s ability to regain momentum and restore investor confidence, but for now, the stock’s downward trend continues to cast a shadow over its future.
