Share Climbs After Ixigo Upgraded to Buy

  Published 2 months ago

Ixigo (LETR.NS) shares climb nearly 5% to 223.7 rupees after JM Financial upgrades it to "buy" from "reduce" with 275-rupee PT.

  • 20% correction since late Nov'25 boosts risk-reward, despite expected 4%-8% FY26-28 earnings cuts from overhangs.
  • Strong growth outlook via cross-selling, customer experience, value-added services; temporary pressures to ease soon.
  • YTD down nearly 13%; positioned ahead of peers in online travel.
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