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Here is why analysts maintain a bullish mood for the ₹510 crore IPO of bootstrapped online travel aggregator EaseMyTrip
Here is why analysts maintain a bullish mood for the ₹510 crore IPO of bootstrapped online travel aggregator EaseMyTrip
Navdeep YadavMar 8, 2021, 11:17 IST
BCCL
The ₹510 crore IPO of EaseMyTrip is now open for public subscription.
The best thing about the travel aggregator is the cost-conscious model that sets it aside from other travel aggregators in India.
Being bootstrapped, the management of the company has tended to be extremely cost-conscious, and this has enabled them to be profitable since inception, said a Ventura report.
According to Choice Broking, Easy Trip has been profitable since its inception and is the only profitable company among the key OTAs.
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Pd eq grade is calculated based on: (Pd US$1,725/31.10348 x Pd grade g/t +Cu US$3.20/2204.6 x Cu grade %/100+Au US$1,400/31.10348 x Au grade g/t+ Pt US$1,000/31.10348 x Pt grade g/t+Ag US$20/31.10348 x Ag grade g/t))/ (Pd US$1,725/31.10348)
Jamie Levy, President and CEO of Gen Mining commented, “This study confirms that the Marathon Palladium and Copper Project is a substantial mining project that is expected to provide a very robust return on investment. We expect the palladium supply in particular to remain in deficit for the foreseeable future as Europe, China and other regions roll out tougher emissions standards. We are excited about the opportunity to create jobs and economic stimulus to Canada, Ontario and to the communities surrounding Marathon.”