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Is this the right stock to ride the post-pandemic revenge travel?

Despite its expensive valuation that factors in the differentiated model and superior execution, we feel that EaseMy Trip stands to benefit from post-pandemic revenge travel as well as industry consolidation

August 26, 2021 / 09:35 AM IST
Is this the right stock to ride the post-pandemic revenge travel?

Image: Shutterstock

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

After a tepid debut in March, EaseMy Trip (CMP: Rs 430, Market Cap: Rs 4665 crore) had a stellar run. We had recommended it last at Rs 383 and the stock rallied all the way to a closing high of Rs 493 before its recent correction. The company managed to post a decent show in Q1 FY22, despite the challenges of the second wave, and now looks set to ride the revenge-travel opportunity. Seen in this context, the recent...

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