TBOTEK has built strong moats in the global B2B travel distribution ecosystem. Buy for target price of ₹1360 (34% upside): Motilal Oswal

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We expect TBOTEK to deliver Revenue/EBIT/PAT CAGR of 35%/37%/32% over FY25- 28, primarily on the back of increased contribution from high take-rate hotels and ancillary segments in the GTV mix, rising from 59% currently to 70%