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Next week’s stock market focus: What to expect from EaseMyTrip shares on Monday

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Stock market next week: Why EaseMyTrip shares will be in focus on Monday?

When the Indian stock market opens on Monday, all eyes will be on EaseMyTrip shares following their recent capital infusion in Mumbai-based company Etrav Tech Ltd. The tour and travel company has injected $3.9 million or ₹33 crore into Etrav Tech, aiming to leverage its network across the nation. Etrav Tech specializes in providing comprehensive travel services to B2B travel agents, including air tickets, hotel bookings, holiday packages, visa services, travel insurance, car rentals, and bus tickets.

Etrav Tech expressed gratitude for EaseMyTrip’s strategic investment, stating that this funding round marks a significant milestone in their journey towards growth and innovation. The capital infusion will play a crucial role in fueling Etrav Tech’s expansion plans, which include enhancing technological capabilities, diversifying product offerings, and solidifying their global presence in key international markets such as Thailand, Bali, and Vietnam.

As of Friday, EaseMyTrip share price stood at ₹43.90 apiece, around 19 percent above its 52-week low of ₹37 and nearly 19 percent away from its 52-week high of ₹54. With the upcoming week in focus, investors and analysts will be closely monitoring EaseMyTrip shares to see how this recent investment impacts the company’s performance in the stock market.

In conclusion, the infusion of capital by EaseMyTrip into Etrav Tech sets the stage for both companies to explore new growth opportunities and enhance their respective market positions in the travel industry. Stay tuned for further updates on how this investment unfolds in the coming days.

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