EaseMyTrip shares rise 60% in 3 days. What’s driving the rally?

Shares of Easy Trip Planners have surged 60% in just three sessions, buoyed by the company’s plans to raise capital of up to Rs 500 crore as part of its ongoing strategy to scale up key growth areas and strengthen its financial strength. The online travel technology company, which operates the EaseMyTrip platform, received in-principle approval from the board on Saturday to raise money by issuing shares and/or other eligible securities.The shares rose 12% today to hit a high of Rs 10.60 on the NSE with over 54.81 crore shares changing hands on the NSE around 2 pm.

The stock has recovered from its 52-week low of Rs 6.12 hit on January 27.”The proposed capital raise is intended to support EaseMyTrip’s expansion into high-potential segments, particularly in hotels and vacations, while enabling continued investments in technology, platform enhancement and strategic opportunities in line with its long-term business priorities. The move is aimed at providing additional flexibility to execute growth initiatives while maintaining a disciplined approach to capital allocation,” the company’s filing with the stock exchanges on Saturday said.

The move was announced together with the December quarter results.

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The Nishant Pitti-founded company reported a consolidated net profit of Rs 5.85 crore in Q3FY26, against a loss of Rs 33 crore in the July-September quarter of FY26. However, profit after tax (PAT) declined year-on-year, compared to Rs 34 crore in Q3FY25. Revenue from operations stood at Rs 152 crore in the quarter under review, compared to Rs 151 crore in the same period a year ago, a marginal growth. The top line grew 29% sequentially from Rs 118 crore.

The company’s gross booking revenue stood at Rs 2,213.2 crore, while earnings before interest, taxes, depreciation and amortization (EBITDA) stood at Rs 14 crore.

EaseMyTrip shares, listed on March 19, 2021, have been significantly underperforming. The stock has fallen 95% from its issue price of Rs 187 per piece. It was listed at a 13% premium on the NSE at Rs 212.

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