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ixigo share price: Analysts caution against chasing the momentum in the online travel agencies, given the cyclical nature of the travel industry

ixigo share price update: Shares of ixigo-parent Le Travenues, an online ticket booking platform and travel agency, turned heads with a sharp run-up since their listing. The online travel agency (OTA) Le Travenues soared 78 per cent on the stock market debut day (June 18), surging 80.4 per cent in three days over its issue price.

Analysts, however, caution against chasing the momentum in the pack given the cyclical nature of the industry these tech-based ticket booking and travel agencies operate in, coupled with rich valuations than the benchmarks.

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