Antique Stock Broking initiates India's Le Travenues with "Hold"

Le Travenues Technology

20/04/2026 06:30

** Antique Stock Broking initiates Le Travenues Technology LETR.NS with "Hold" and PT at 180 rupees

** Brokerage cites travel platform's user-first approach and value-added products that drive customer stickiness and new monetization avenues

** Notes co holds +60%/<10%/mid-to-high-teens market share in train/flight/bus segments, respectively, through strategy of problem identification, solution creation, and cross-selling aided by acquisitions

** Expects ramp-up of high-margin hotel business using proven strategy and cross-selling to existing user base in non-metro markets

** Says rating factors in base effect of Mahakumbh and some impact on flight segment (particularly international) due to Middle East conflict

** Shares of LETR slip 1% to 177 rupees; down 30.7% YTD

 (Reporting by Mridula Kumar in Bengaluru)

 ((Mridula.Kumar@thomsonreuters.com;))