EaseMyTrip stock up 3.5x since March listing as travel sentiment rebounds

The travel company saw its mcap cross $1 bn intra-day; its stock has been the second best performer in the segment after IRCTC

Easy Trip Planners, which operates online travel portal EaseMyTrip (EMT), has seen a 3.5x surge in its stock price since its March listing, driven by a rebound in travel sentiment.

The thirteen-year-old OTA which has been profitable since its inception went public with a Rs 510 crore initial public offer in March. On Friday, its stock closed at Rs 663.15 and its market cap touched Rs 7,204 core. In intra-day trades, however, the stock scaled a new high of Rs 717.50 on the BSE, translating into a market cap of Rs 7,795 crore or $1.06 billion (73.54 to a dollar).