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Buy, Sell Or Hold: Data Patterns, Cupid, Yatra Online, United Spirits, JSW Infra, Karur Vysya Bank — Ask Profit
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Yatra Online gains on report of potential stake sale to Ixigo; BSE seeks clarification
Shares of Yatra Online rose 2.20% to Rs 113.57 on Friday after a media report said online travel platform Ixigo is evaluating the acquisition of a 15-20% stake in the company from its promoters.
Motilal Oswal bullish on online travel portals
Motilal Oswal Financial Services has initiated coverage on online travel platforms Le Travenues Technology (Ixigo) and Yatra Online with a buy rating, while reiterating a buy on TBO Tek citing a structural uptrend in domestic travel and potential earnings growth as key drivers.
Motilal Oswal sees up to 30% upside in these three travel stocks; Here's why
The brokerage reaffirmed its 'Buy' recommendation on TBO Tek, while initiating coverage on Ixigo and Yatra Online with positive ratings.
Yatra founders explore stake sale as consolidation buzz swirls in online travel
Yatra Online's founders are reportedly in talks to sell a controlling stake. Feelers have been sent to rivals like MakeMyTrip, Paytm Travel, Rapido, and Ixigo, along with a private equity fund. Advisors are assisting with the sale process. Suitors may submit initial offers next week. Yatra's CEO stated the company achieved its most profitable year despite challenges.
Dipan Mehta prefers Yatra over Ixigo, sees opportunity in new-age consumer stocks
Dipan Mehta, Director of Elixir Equities sees online travel platform Yatra as a better bet than Ixigo due to reasonable valuations and strong growth in corporate travel. He expects AI-led changes to create clear winners and losers in the IT services sector over the next few quarters. In FMCG, Mehta prefers new-age consumer brands like Nykaa and Honasa Consumer, citing faster growth and stronger positioning than traditional players. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.