EaseMyTrip shares jump 9% after travel tech firm partners with World Padel League

Shares of online travel platform EaseMyTrip, surged 8.5% after it announced its partnership with World Padel League (WPL) 2023. The company will provide travel solutions to players, officials, and fans attending the tournament, along with showcasing EaseMyTrip’s branding throughout the event. Co-Founder, Rikant Pittie, said this partnership will help connect with a wider audience of sports enthusiasts. Although the stock has corrected by 91% from its high of Rs 438, institutional investors have increased their shareholding in the stock, but mutual funds have reduced their holdings, according to Trendlyne data.