TBO Tek shares are up 15% since its $125 million acquisition of US-based Classic Vacations, which Jefferies calls a "classic opportunity" to tap North America's luxury travel market. The brokerage hiked its target to ₹1,800, citing stronger margins, higher booking values, and stable cash flows. EPS forecasts for FY26-28 were raised by up to 6%. Retail sentiment remains neutral.