Ixigo Shares Surge 3% as Jefferies' Chris Wood Adds Stock to India Portfolio

1 min read     Updated on 19 Sept 2025, 02:52 PM
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Suketu GalaScanX News Team
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Overview

Le Travenues Technology (IXIGO), operator of travel platform Ixigo, saw its shares rise over 3% to Rs 282.00 after Christopher Wood, Jefferies' Global Head of Equity Strategy, added it to his India long-only portfolio with a 4% weight. Ixigo's market cap is Rs 10,883.00 crore, with an 88% 1-year return. The company's Q1 FY2026 results show a 28.50% YoY increase in consolidated net profit to Rs 19.00 crore and a 74.00% YoY revenue growth to Rs 321.00 crore. Ixigo recently held an investor meeting with Awriga Capital Advisors LLP, discussing no unpublished price-sensitive information.

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*this image is generated using AI for illustrative purposes only.

Le Travenues Technology (IXIGO) , the operator of travel platform Ixigo, saw its shares jump over 3% to Rs 282.00 following a strategic move by Christopher Wood, Jefferies' Global Head of Equity Strategy. Wood added Ixigo to his India long-only portfolio with a 4% weight, sparking investor interest in the smallcap company.

Portfolio Reshuffling

Wood's portfolio adjustments extended beyond Ixigo. He also added Ambuja Cements and Lemon Tree Hotels, each with 4% weights. Simultaneously, he removed Reliance Industries and Axis Bank from the portfolio while reducing positions in ICICI Bank, REC, and JSW Energy.

Ixigo's Market Performance

The inclusion in Wood's portfolio highlights Ixigo's strong market performance:

  • Market Capitalization: Rs 10,883.00 crore
  • 1-Year Return: 88%
  • Benchmark Comparison: Outperformed the Nifty India Tourism index, which returned 13% over the same period

Financial Highlights

Ixigo's recent financial results demonstrate robust growth:

Metric Q1 FY2026 Q1 FY2025 YoY Growth
Consolidated Net Profit 19.00 15.00 28.50%
Revenue 321.00 184.00 74.00%

The company's significant revenue growth of 74.00% year-over-year underscores its expanding market presence and operational efficiency.

Recent Investor Meeting

According to the latest LODR (Listing Obligations and Disclosure Requirements) filing, Ixigo's management recently engaged with investors. On September 18, 2025, the company held a one-on-one physical meeting with representatives from Awriga Capital Advisors LLP in Gurugram. The meeting involved:

  • Mr. Gokul Maheshwari and Mr. Jinal Sheth, both Founding Partners
  • Mr. Ronak Chheda, Senior Analyst from Awriga Capital Advisors LLP

Ixigo confirmed that no Unpublished Price Sensitive Information was discussed during this investor meeting, adhering to regulatory compliance.

The addition of Ixigo to Christopher Wood's portfolio, coupled with its strong financial performance and active investor engagement, signals growing interest in the company within the investment community. As the travel sector continues to evolve, Ixigo's market position and growth trajectory will likely remain under close watch by investors and analysts alike.

Historical Stock Returns for Le Travenues Technology (IXIGO)

1 Day5 Days1 Month6 Months1 Year5 Years
+1.79%+11.14%+5.77%+125.31%+119.40%+72.18%
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Ixigo Teams Up with Cred to Elevate Flight Booking Experience for New Credit Card Users

1 min read     Updated on 16 Sept 2025, 02:35 PM
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Reviewed by
Naman SharmaScanX News Team
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Overview

Ixigo, a travel platform, has formed a strategic partnership with Cred to improve the flight booking experience for users of the new Cred IndusInd Bank RuPay Credit Card. The collaboration aims to offer streamlined booking processes and special benefits to cardholders. This alliance combines Ixigo's travel expertise with Cred's fintech innovation, focusing on enhancing customer experience through improved accessibility and integrated services.

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*this image is generated using AI for illustrative purposes only.

Le Travenues Technology (IXIGO) 's travel platform Ixigo has forged a strategic partnership with Cred, aiming to revolutionize the flight booking experience for users of the new Cred IndusInd Bank RuPay Credit Card. This collaboration is set to bring a host of benefits and streamlined processes to cardholders, marking a significant step in enhancing travel services in the fintech space.

Enhanced Travel Services

The partnership between Ixigo and Cred is designed to offer cardholders an improved travel experience through:

  • Streamlined booking processes: Making flight reservations is expected to become more efficient and user-friendly.
  • Special benefits: Cardholders are likely to enjoy exclusive perks when booking flights through this collaboration.

Synergy of Travel and Fintech

This alliance brings together Ixigo's expertise in travel services with Cred's innovative approach to financial technology:

  • Ixigo, known for its comprehensive travel solutions, will contribute its flight booking capabilities.
  • Cred, a fintech platform popular for its credit card bill payment and rewards system, brings its user base and financial services acumen to the table.

Focus on Customer Experience

The collaboration emphasizes enhancing the overall customer journey:

  • Improved accessibility: Users of the Cred IndusInd Bank RuPay Credit Card will likely find it easier to plan and book their travel.
  • Integrated services: The partnership aims to create a more seamless connection between financial services and travel bookings.

This strategic move by Ixigo and Cred reflects the growing trend of partnerships between travel and fintech companies, aiming to provide more value and convenience to consumers. As the travel industry continues to evolve, such collaborations could pave the way for more integrated and user-centric services in the future.

Investors and users alike will be watching closely to see how this partnership unfolds and what new features or benefits it might bring to the table in the competitive travel booking and fintech landscapes.

Historical Stock Returns for Le Travenues Technology (IXIGO)

1 Day5 Days1 Month6 Months1 Year5 Years
+1.79%+11.14%+5.77%+125.31%+119.40%+72.18%
Le Travenues Technology (IXIGO)
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