EaseMyTrip Insurance Broker Private Limited will add a new revenue vertical for the company and enable it to scale up its business for insurance broker and related services.
The company said the board meeting was held on Tuesday. In December last year, platforms, the company said it has recently secured a non-controlling,13% stake in Eco Hotels and Resorts Limited, a BSE listed entity.
The stock is trading in a W pattern on a weekly chart and forming a base near its previous resistance zone, which is a bullish sign. An early sign of upmove is visible on the relative strength chart in comparison to Nifty50 and good support of short-term EMAs 10 and 20 is seen on every decline.