Stock market next week: Why EaseMyTrip shares will be in focus on Monday?

EaseMyTrip concern details

Informing astir the superior infusion by EaseMyTrip, Etrav Tech said, "Etrav Tech Ltd., headquartered successful Mumbai, has precocious secured a important concern of $3.9 Mn (INR 33 Cr) successful its 2nd circular of funding, led by EaseMyTrip. This strategical infusion of capital, spearheaded by EaseMyTrip, marks a pivotal infinitesimal for Etrav Tech, mounting the signifier for exponential maturation and innovation."

Also Read: Varyaa Creations IPO opens adjacent week. GMP, price, different details of upcoming IPO

Specializing successful providing broad question services to B2B question agents nationwide, Etrav Tech covers a wide array of offerings including aerial tickets, edifice bookings, vacation packages, visa services, question insurance, car rentals, and autobus tickets. With a robust clientele consisting of implicit 40,000 + question agents, 600 + distributors, and 700 + API/white statement clients, the institution chiefly generates gross from aerial summons sales.

"The strategical utilization of the $3.9 Mn concern volition play a pivotal relation successful fueling Etrav Tech's ambitious enlargement plans. The institution aims to heighten its technological capabilities by investing successful cutting-edge exertion infrastructure to streamline processes and heighten the idiosyncratic acquisition for its clients. Additionally, it plans to diversify its merchandise portfolio to connection a broader scope of question solutions, catering to the evolving needs of its clientele. Moreover, Etrav Tech intends to solidify its planetary beingness by strengthening its foothold successful cardinal planetary markets, including Thailand, Bali, and Vietnam, pursuing the caller acquisition of UAE's Eagle Crest DMC," the B2B question cause institution said.

EaseMyTrip stock news

EaseMyTrip stock terms ended connected Friday astatine ₹43.90 apiece, astir 19 percent supra its 52-week debased of ₹37 apiece and astir 19 percent distant from its 52-week precocious of ₹54 apiece. So, EaseMyTrip stock terms contiguous is equidistant from its 52-week precocious and 52-week low.

Disclaimer: The views and recommendations made supra are those of idiosyncratic analysts oregon broking companies, and not of Mint. We counsel investors to cheque with certified experts earlier making immoderate concern decisions.

Unlock a satellite of Benefits! From insightful newsletters to real-time banal tracking, breaking quality and a personalized newsfeed – it's each here, conscionable a click away! Login Now!

Published: 20 Apr 2024, 02:41 PM IST