After a brief pause, EaseMyTrip continues its upward momentum; gains 9 per cent

The stock has almost doubled since early March 2021 and is currently up by nearly 10 per cent on an intraday basis.

As investors position themselves for an unlocked trade, the stocks from the hospitality sector as well as the stocks related to the travel industry are seen outperforming on the bourses. 

It was IRCTC that gained more than 10 per cent in the past five days and now, it’s time for EaseMyTrip to shine. The stock has almost doubled since early March 2021 and is currently up by nearly 10 per cent on an intraday basis. Besides, one of the internet stocks that cater to the industry is expected to gain maximum from economic rebound and unlocking of India.  

In one-month period, IRCTC is up by 21 per cent while on a YTD basis, it’s up by over 41 per cent. Sensex is up by more than 100 points, showing no signs of weakness, whatsoever. 

EaseMyTrip is an Indian online travel company founded in 2008 by Nishant Pitti, Rikant Pitti, and Prashant Pitti. Headquartered in New Delhi, the company provides hotel bookings, air tickets, holiday packages, bus bookings, and white-label services.