2 recently-listed stocks that may rally soon
EaseMyTrip and StoveKraft are two recently-listed stocks on which Vinit Bolinjkar, Head of Research, Ventura Securities, is betting on. Edited excerpts from an interview: What triggers do you see in EaseMyTrip?You have to club EaseMyTrip with other internet stocks like Paytm, CarWale, Zomato, etc - the entire block of new economy stocks. Among them, EaseMyTrip is one of the few stocks which has established profitability. It is operating in the air ticketing business. It would be a $25 billion industry in the next 5 years. The market share of this company has increased from 3.1% last year to around 5% today. EaseMyTrip is not charging any convenience fee as compared to its peer MakeMyTrip, which charges convenience fee and is making a loss. Without the convenience fee, EaseMyTrip is a profitable venture.We are going to see some substantial run-up in this stock as it gains market share. In terms of trying to quantify what kind of returns can come from this stock from the unlock trade, it is a question mark.
2 recently-listed stocks that may rally soon
EaseMyTrip and StoveKraft are two recently-listed stocks on which Vinit Bolinjkar, Head of Research, Ventura Securities, is betting on. Edited excerpts from an interview: What triggers do you see in EaseMyTrip?You have to club EaseMyTrip with other internet stocks like Paytm, CarWale, Zomato, etc - the entire block of new economy stocks. Among them, EaseMyTrip is one of the few stocks which has established profitability. It is operating in the air ticketing business. It would be a $25 billion industry in the next 5 years. The market share of this company has increased from 3.1% last year to around 5% today. EaseMyTrip is not charging any convenience fee as compared to its peer MakeMyTrip, which charges convenience fee and is making a loss. Without the convenience fee, EaseMyTrip is a profitable venture.We are going to see some substantial run-up in this stock as it gains market share. In terms of trying to quantify what kind of returns can come from this stock from the unlock trade, it is a question mark.