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“In the short run, the market is a voting machine, but in the long run, it is a weighing machine.”
The observation by American economist Benjamin Graham is more than pertinent for travel tech company Easemytrip
.
Once a stock market darling with a market cap hovering at around $1.5 Bn (over 12,000 Cr), today many are comparing EMT to a penny stock – a low-value listed company without much upside and too much risk.
The EaseMyTrip stock has slumped dramatically in the past nine months, shedding close to 50% of its value with the…
