Positive impactResults
Ixigo shares jump 13% on Q2 profit turnaround, but why does Motilal Oswal retain its Neutral rating?
Mint 1 hr ago·19 Oct 2026, 4:52 am
Ixigo shares rallied over 13% following its Q2 FY27 results, marking a significant turnaround for the travel platform. The company reported a net profit of ₹63.42 crore, reversing a loss from the previous year. This positive performance was driven by a partial sale of its stake in Freshbus and a massive 159% jump in gross transaction value (GTV) for hotel bookings. Revenue also grew 13% year-on-year, signaling strong operational recovery.
Despite the sharp rally, Motilal Oswal has maintained a 'Neutral' rating on the stock. The brokerage likely views the current valuation as fully priced, balancing the impressive growth in hotel bookings against the broader challenges in the travel sector. Investors should monitor the company's ability to sustain this momentum and manage its capital allocation strategy in the coming quarters.
Excerpt from Mint
Ixigo shares rose over 13% after the travel platform reported a Q2 FY27 net profit of ₹ 63.42 crore, reversing a year-ago loss. Results were supported by a partial Freshbus stake sale and 159% growth in hotel-booking GTV, while revenue increased 13% year-on-year. Le Travenues Technology shares, which operate under the…Read the original at Mint
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Bullish1 stock
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns GTV Engineering (GTV).
- Category: Results.
- AI reads the tone as positive (potentially bullish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update for GTV Engineering worth tracking. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
