EaseMyTrip shares jump 60% in 3 days: What's driving rally

EaseMyTrip shares jump 60% in 3 days: What's driving rally

Shares of Easy Trip Planners, the company behind the online travel platform EaseMyTrip, have skyrocketed by a whopping 60% in just three trading sessions.

The surge comes after the company's board approved a plan to raise up to ₹500 crore through equity shares and/or other eligible securities.

The move is part of its strategy to expand into high-growth areas like hotels and holidays, invest in technology upgrades, and strengthen its financial position.

EasyMyTrip shares gain 12% today

EaseMyTrip's shares jumped by 12% today, hitting a high of ₹10.6 on the National Stock Exchange (NSE).

The company said in its filing to exchanges that the capital raised will be used for expansion in high-growth areas, particularly hotels and holidays.

It will also enable continued investments in technology, platform enhancement, and strategic opportunities aligned with long-term business priorities.

Since its listing on March 19, 2021, EaseMyTrip shares have underperformed, falling 95% from its issue price of ₹187 per share.

Easy Trip Planners reports Q3FY26 results

For Q3FY26, Easy Trip Planners reported a consolidated net profit of ₹5.85 crore against a loss of ₹33 crore in the July-September quarter of FY26.

However, its profit after tax (PAT) narrowed year-on-year from ₹34 crore in Q3FY25.

Revenue from operations stood at ₹152 crore in the quarter under review versus ₹151 crore in the year-ago period, showing marginal growth.