Latest news with #LeTravenuesTechnology
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Business Standard
9 hours ago
- Business
- Business Standard
Ixigo zooms 51% in 1 month, hits new high. What's driving OTA stock price?
Le Travenues Technology share price today Shares of Le Travenues Technology (Ixigo) hit an all-time high at ₹263, surging 10 per cent on the BSE in Tuesday's intra-day trade backed by heavy volumes. The stock price of the online travel agency (OTA) company surpassed its previous high of ₹246.60 touched on August 5, 2025. In the past one month, Ixigo has outperformed the market by soaring 51 per cent, as compared to 2.3 per cent decline in the BSE Sensex. The stock price of the company has more-than-doubled or zoomed 122 per cent from its 52-week low of ₹121.70 touched on April 7, 2025. At 12:33 PM; Ixigo was trading 6 per cent higher at ₹252.20, as compared to 0.10 per cent rise in the BSE Sensex. A combined 15.1 million shares changed hands on the NSE (14.3 million) and BSE (0.81 million). What's driving Ixigo stock price? Ixigo kicked off the financial year 2025-26 (FY26) with a strong momentum, delivering rapid growth across key metrics and verticals. Revenue from operations rose by 73 per cent year-on-year (Y-o-Y) to ₹314.5 crore, while Gross Transaction Value (GTV) increased by 55 per cent Y-o-Y. Earnings before interest, tax, depreciation, and amortisation (EBITDA) increased by 69 per cent Y-o-Y to ₹32.5 crore. Profit before share of loss of an associate, exceptional items, and tax grew 76 per cent Y-o-Y to ₹28.7 crore in Q1FY26, reflecting continued operational strength and scalability, the company said. Ixigo is an OTA platform which is focused on empowering Indian travellers to plan, book and manage their trips across rail, air, buses and hotels. The company's vision is to become the most customer-centric travel company, by offering the best customer experience to users. Analysts believe that Ixigo has a scope of business improvement on the back of industry tailwinds, brand recall and business scalability, resulting in expansion of profitability. Meanwhile, the Indian tourism industry has exhibited a robust recovery, driven by a combination of domestic travel resurgence and increasing international tourist arrivals. The government's initiatives, such as the Dekho Apna Desh campaign and the development of tourism infrastructure under the Swadesh Darshan and PRASHAD schemes, have further bolstered this growth. Mobile apps have become a crucial platform for travel bookings, with many leading Indian travel firms offering user-friendly apps that facilitate on the-go ticket and accommodation reservations. The number of affordable smartphone users is expected to reach 1 billion by 2026, as reported by the Telecom Regulatory Authority of India (TRAI). Combined with high-speed internet connectivity, this growth is anticipated to further boost the online tourism industry. The rapid adoption of Unified Payments Interface (UPI) and other digital payment methods has made online payments more convenient and reliable, shifting travel bookings from offline to online platforms. About Ixigo Ixigo (Le Travenues Technology Limited) is a technology company focused on empowering Indian travellers to plan, book and manage their trips across rail, air, buses and hotels. Ixigo assists travellers in making smarter travel decisions by leveraging artificial intelligence. The Ixigo, ConfirmTkt and AbhiBus apps allow travellers to book train tickets, flight tickets, bus tickets, hotels, and cabs, and provide travel utility tools and services developed using in-house proprietary algorithms and crowd-sourced information.
Mint
5 days ago
- Business
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 8 August 2025
Breakout stocks buy or sell: Benchmark indices, the Sensex and Nifty 50, ended slightly higher on Thursday, August 7, despite fragile market sentiment amid growing worries over Trump's tariffs and their potential economic impact. The Sensex gained 79 points, or 0.10 per cent, to close at 80,623.26, while the Nifty 50 edged up by 22 points, or 0.09 per cent, to finish at 24,596.15. Among broader markets, the BSE Midcap index rose by 0.30 per cent, whereas the BSE Smallcap index declined by 0.18 per cent. Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment has turned weak as the Nifty 50 index has slipped below its crucial support of 24,500. Speaking on the outlook of Indian stock market, Bagadia said, ' The 50-stock index may try to come close to is new support base placed around 200-DEMA of 24,000. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option." Sumeet Bagadia recommends five breakout stocks to buy today: Delhivery, Le Travenues Technology, Ather Energy, Nelcast, and Gopal Snacks. 1] Delhivery: Buy at ₹ 465.75, target ₹ 500, stop loss ₹ 449; 2] Le Travenues Technology: Buy at ₹ 240.48, target ₹ 258, stop loss ₹ 232; 3] Ather Energy: Buy at ₹ 398.05, target ₹ 426, stop loss ₹ 384; 4] Nelcast: Buy at ₹ 173.9, target ₹ 186, stop loss ₹ 168; 5] Gopal Snacks: Buy at ₹ 363.4, target ₹ 389, stop loss ₹ 351. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
30-07-2025
- Business
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 30 July 2025
Breakout stocks to buy or sell: The Indian stock market is expected to open on a tepid note Wednesday, following weak cues from global markets. The trends on Gift Nifty also signal a muted opening for the benchmark indices, Sensex and Nifty 50. On Tuesday, the equity market saw a short-covering rally and the Nifty 50 ended above 24,800 level. The Sensex gained 446.93 points, or 0.55%, to close at 81,337.95, while the Nifty 50 settled 140.20 points, or 0.57%, higher at 24,821.10. Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market mood has improved as the Nifty 50 index witnessed sharp rebound after inching close to its crucial support levels in 24,600 to 24,500 range. 'Nifty 50 index has ended around 24,800 and it would need to close above 24,900 to improve the bias. Till then, one should maintain a stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option,' Bagadia said. Sumeet Bagadia recommends five breakout stocks to buy today: Le Travenues Technology, Vimta Labs, Belrise Industries, Stallion India Fluorochemicals and Rallis India shares. 1] Le Travenues Technology: Buy at 231.36; Target Price ₹ 250; Stop Loss ₹ 223 2] Vimta Labs: Buy at ₹ 729.85; Target Price ₹ 760; Stop Loss ₹ 685 3] Belrise Industries: Buy at ₹ 131.79; Target Price ₹ 142; Stop Loss ₹ 127 4] Stallion India: Buy at ₹ 121.90; Target Price: ₹ 131; Stop Loss ₹ 117 5] Rallis India: Buy at ₹ 380.20; Target Price ₹ 410; Stop Loss ₹ 366 Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
18-07-2025
- Business
- Time of India
Ixigo shares slide 6% after hitting record high post Q1 FY26 results
Shares of Le Travenues Technology , the parent company of travel platform ixigo , declined 6% to Rs 201.7 on Friday after touching a record high of Rs 215 in intraday trade. The drop follows a sharp 19% surge in the previous session, driven by the company's strong Q1FY26 earnings. Ixigo Q1 performance Explore courses from Top Institutes in Select a Course Category MBA healthcare Digital Marketing Leadership Degree Project Management others Finance Product Management Healthcare Data Science Design Thinking Others Artificial Intelligence MCA PGDM CXO Operations Management Management Public Policy Data Science Data Analytics Cybersecurity Technology Skills you'll gain: Financial Management Team Leadership & Collaboration Financial Reporting & Analysis Advocacy Strategies for Leadership Duration: 18 Months UMass Global Master of Business Administration (MBA) Starts on May 13, 2024 Get Details Skills you'll gain: Analytical Skills Financial Literacy Leadership and Management Skills Strategic Thinking Duration: 24 Months Vellore Institute of Technology VIT Online MBA Starts on Aug 14, 2024 Get Details Ixigo reported a 73% year-on-year (YoY) jump in revenue from operations to Rs 314.5 crore for the June quarter. Net profit rose 27% YoY to Rs 19 crore, while gross transaction value (GTV) climbed 55% to Rs 4,644.7 crore, led by an 81% growth in flight and bus segments and a 30% increase in train GTV. EBITDA for the quarter rose 69% YoY to Rs 32.5 crore, while adjusted EBITDA (which includes ESOP expenses and excludes other income) stood at Rs 31.4 crore, marking a 54% rise from Rs 20.3 crore in the same quarter last year. Rajnish Kumar, group co-CEO, ixigo and Aloke Bajpai, group CEO, ixigo said the company continues to see rapid growth and has hit new 'all-time highs.' They said the growth in categories such as buses and flights stems from a customer-centric approach, ability to cross-sell and up-sell to the captive user-base, AI-driven efficiencies and enhanced brand awareness. Saurabh Devendra Singh, group CFO, Ixigo, said quarter one of financial year 2026 is another strong quarter, with 'record' revenue and profits across all key verticals. "The 54% increase in adjusted EBITDA and 76% growth in PBT (excluding exceptional items) demonstrate the strength of our operating model and disciplined execution. We remain committed to driving sustainable growth," he added. The company said it crossed 10,000 daily meal deliveries with Zoop, with over 20 lakh meals served across 200+ stations since October 2024. ixigo's bus business, AbhiBus partnered with global travel platform CheckMyBus to expand the reach of its bus inventory to international travellers. The company said its bus and train segments continue to gain traction, particularly in the bus and train segments. In quarter one of the financial year 2026, train bookings by Gen Z travellers (aged 18-30) on ixigo rose 45% year on year, with Mumbai, Delhi, Kolkata, Visakhapatnam, and Pune emerging as the fastest-growing markets. Bus bookings from this cohort saw even sharper growth, rising 56% year on year, led by Indore, Lucknow, and Nagpur. Train bookings by solo female travellers grew by 123% year on year for the company. ixigo said it is deepening its investment in agentic AI and automation to drive scalable, 'customer-first innovation'. The company said key AI led initiatives for the quarter under review include voice-led customer support, enhanced AI-based personalisation, and expanding bundled offerings like travel insurance and visa rejection protection. The company said its quarter one flash sales for flights and hotels were driven by AI-led videos and creatives, reducing production costs to just 0.1% of traditional budgets. Ixigo share price target According to Trendlyne, the average target price for Ixigo is Rs 207, indicating a potential upside of nearly 1% from current levels. Of the 3 analysts tracking the stock, the consensus rating is 'Strong Buy'. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
18-07-2025
- Business
- Economic Times
Ixigo shares slide 6% after hitting record high post Q1 FY26 results
Ixigo shares: The decline comes after a sharp 19% rally in the previous session, fueled by the company's robust Q1FY26 earnings performance. Synopsis Ixigo shares: Ixigo recorded a 73% year-on-year rise in revenue from operations, reaching ₹314.5 crore in the June quarter. Net profit grew by 27% YoY to ₹19 crore, while gross transaction value (GTV) rose 55% to ₹4,644.7 crore, driven by strong performance in the flight and bus segments (up 81%) and a 30% increase in train GTV. Shares of Le Travenues Technology, the parent company of travel platform ixigo, declined 6% to Rs 201.7 on Friday after touching a record high of Rs 215 in intraday trade. The drop follows a sharp 19% surge in the previous session, driven by the company's strong Q1FY26 earnings. ADVERTISEMENT Ixigo reported a 73% year-on-year (YoY) jump in revenue from operations to Rs 314.5 crore for the June quarter. Net profit rose 27% YoY to Rs 19 crore, while gross transaction value (GTV) climbed 55% to Rs 4,644.7 crore, led by an 81% growth in flight and bus segments and a 30% increase in train GTV. EBITDA for the quarter rose 69% YoY to Rs 32.5 crore, while adjusted EBITDA (which includes ESOP expenses and excludes other income) stood at Rs 31.4 crore, marking a 54% rise from Rs 20.3 crore in the same quarter last year. Rajnish Kumar, group co-CEO, ixigo and Aloke Bajpai, group CEO, ixigo said the company continues to see rapid growth and has hit new 'all-time highs.' They said the growth in categories such as buses and flights stems from a customer-centric approach, ability to cross-sell and up-sell to the captive user-base, AI-driven efficiencies and enhanced brand Devendra Singh, group CFO, Ixigo, said quarter one of financial year 2026 is another strong quarter, with 'record' revenue and profits across all key verticals. ADVERTISEMENT "The 54% increase in adjusted EBITDA and 76% growth in PBT (excluding exceptional items) demonstrate the strength of our operating model and disciplined execution. We remain committed to driving sustainable growth," he company said it crossed 10,000 daily meal deliveries with Zoop, with over 20 lakh meals served across 200+ stations since October 2024. ADVERTISEMENT ixigo's bus business, AbhiBus partnered with global travel platform CheckMyBus to expand the reach of its bus inventory to international company said its bus and train segments continue to gain traction, particularly in the bus and train segments. In quarter one of the financial year 2026, train bookings by Gen Z travellers (aged 18-30) on ixigo rose 45% year on year, with Mumbai, Delhi, Kolkata, Visakhapatnam, and Pune emerging as the fastest-growing markets. Bus bookings from this cohort saw even sharper growth, rising 56% year on year, led by Indore, Lucknow, and Nagpur. ADVERTISEMENT Train bookings by solo female travellers grew by 123% year on year for the company. ixigo said it is deepening its investment in agentic AI and automation to drive scalable, 'customer-first innovation'.The company said key AI led initiatives for the quarter under review include voice-led customer support, enhanced AI-based personalisation, and expanding bundled offerings like travel insurance and visa rejection protection. The company said its quarter one flash sales for flights and hotels were driven by AI-led videos and creatives, reducing production costs to just 0.1% of traditional budgets. ADVERTISEMENT According to Trendlyne, the average target price for Ixigo is Rs 207, indicating a potential upside of nearly 1% from current levels. Of the 3 analysts tracking the stock, the consensus rating is 'Strong Buy'. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. 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