India's Yatra extends rally to highest level in more than 10 months after profit quadruples

Investec

12/08/2025 08:41

** Shares of travel services provider Yatra Online YATR.NS surge as much as 16.54% to 133.9 rupees, their highest since October 1, 2024 and inching towards the IPO price of 142 rupees

** Stock last up 12%

** Stock up 34% in two sessions after reporting a fourfold rise in June-quarter profit, doubling revenue

** Investec hikes price target to 175 rupees from 155 rupees, retains "buy," citing consistently profitable portfolio

** Increases profit estimates by 16%, for fiscal year 2026

** Antique Stock Broking also hikes target price to 175 rupees from 136 rupees, citing stronger hotel performance and corporate segment growth

** Both brokerages' targets are Street-high among five analysts tracking YATR with an average "buy" rating and median price target of 145 rupees - LSEG data

** Last two sessions of trade see YATR shares trim YTD 0.7%, exchange data shows

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))