Motilal Oswal Financial Services has started coverage of online travel companies Le Travenues Technology (Ixigo) and Yatra Online with buy ratings. The brokerage also reiterated its buy recommendation on TBO Tek.
The moves reflect expectations of a structural uptrend in domestic travel and potential earnings growth for the sector.
Motilal Oswal cited these factors as the main drivers behind the positive ratings on the three companies.
The coverage comes as online travel portals continue to benefit from rising demand in India.