Ixigo shares set for 30% upside? 4 reasons JM Financial upgraded stock to Buy

Ixigo shares saw a significant jump after a brokerage upgrade. Analysts believe the stock is undervalued following a recent correction. Strong long-term growth drivers in India's travel sector are expected to benefit Ixigo. The company's expansion in hotels is also seen as a positive. Future growth rates are anticipated to normalize after a high base effect from past events.