EaseMyTrip, Yatra’s Shares Jump After Budget’s Focus On Tourism

EaseMyTrip’s shares touched the intraday high of INR 43.6 each, up 8.86% from the previous close on BSE

Yatra’s shares traded as high as INR 127.35 during the day’s trading session, up 4.9% from the previous close

Sitharaman announced that the government has allocated INR 2,479.62 Cr for the tourism sector for FY25, up 46% from the revised allocation of INR 1,692.10 in FY24

Shares of traveltech majors Easemytrip and Yatra soared during intraday session today (July 23) after  finance minister Nirmala Sitharaman announced a slew of initiatives during her Union Budget 2024-25 (FY25) speech to fuel growth of India’s tourism industry.

While EaseMyTrip’s shares touched the intraday high of INR 43.6 each, up 8.86% from the previous close on BSE, Yatra’s shares traded as high as INR 127.35 during the day’s trading session, up 4.9% from the previous close.

Notably, shares of both EaseMyTrip and Yatra closed the trading session at INR 42.25 and INR 125.85,…