Oyo's share dips to Rs 55 despite strong second quarter profits
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The shares of Oravel Stays Limited, which owns and runs the brand Oyo are being traded in the Rs 53 to 55 range, translating to a valuation of nearly $ 4.4 billion. This is 28% below the high of Rs 77 per share it had touched in February 2024. The price had dipped to Rs 38 in June this year during the Rs 1457 crore Series G primary raise Oyo had conducted at Rs 29 per share. Since then the shares have been on an upswing, but haven't been able to match the high achieved earlier this year. Oyo reported a Rs 158 crore net profit in quarter two of financial year 2025 and a financial year 2026 projected EBITDA of Rs 2000 crore. At Rs 291 crore, Oyo has already surpassed in half a year, FY2024’s full year profit of Rs 229 crore. Despite the improved financial performance investors are watching the market closely due to sustained FII selling in the listed equity space. Oyo has a high likelihood of launching an IPO in the future, and investor...