Motilal Oswal bullish on online travel portals

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Motilal Oswal Financial Services has initiated coverage on online travel platforms Le Travenues Technology (Ixigo) and Yatra Online with a buy rating, while reiterating a buy on TBO Tek. The brokerage cited a structural uptrend in domestic travel and potential earnings growth as key drivers for its bullish stance on the sector.