Shares of this newly listed company have gained 4.67 percent after tata’s mutual funds increased their stakes by 3.7 percent.
At 11.50, 5th october, shares of Yatra online Ltd were trading at Rs. 136.75 per share up by 4.67 percent from previous closing price of Rs. 130.65 per share.
Such bullish stock price movements are observed after the company disclosed through regulatory filing on Bombay stock exchange (BSE) that tata dividend yield fund, tata multi cap fund, tata focused equity fund, tata balanced advantage fund and tata equity savings fund altogether have acquired 58,08,974 shares which is 3.7 percent of the company.
Before this acquisition they were holding about 1.8 percent in the company, after the acquisition they are holding about 5.5 percent of the company.
Looking at the financial statements, company’s revenue has increased by 91.93 percent to Rs. 380 crores in march 2023 from Rs. 198.08 crores in march 2020, in the same time period net profit increased by 78.6 percent to Rs. 6.59 crores from Rs. -30.82 crores.
Talking about the financial ratios, the company reported return on equity (ROE) of 5.64 percent and return on capital employed (ROCE) of 15.49 percent in the last financial year.
Yatra online Ltd is India’s one of the leading online travel services providers with over 700 large corporate customers. The Company provides information, pricing, availability, and booking facility for domestic and international air travel, domestic and international hotel bookings, holiday packages, buses, trains, in city activities, inter-city and point-to-point cabs, homestays and cruises
Written by: Vinit Israni
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