Thursday, the 30th of July, wasn’t a good day for Make My Trip. The company saw a decline in the market of a massive -19.43% which caused the shares of the company to be traded at a price of $15.59.
The decline came in as a shock since the company recently announced that it has just signed an agreement which will allow it to acquire a minority stake of 28% in HolidayIQ, which is a popular Indian travel community and recommendation engine which plans holidays for its customers. The 28 percent stake amounts to 15 million dollars and will be completed in the month of July. This deal will help both the companies to rate and rank up hotels so that when their visitors come, they have an idea of which one to choose and which one not too.
Right now there is a lot of scope and consumer preferences in the travel and tourism sector of India, and Holiday IQ knows this. The company is trying to make itself present in various outlets.
Make My Trip Limited is an Indian online company which deals with the travel sector. It was founded just fifteen years ago and has its headquarters in Haryana. Hotel reservations, flight booking and tickets, railway tickets and travel packages are all provided by the company. The company in widely known in its home town, India and has international offices in Sydney and New York.
Analog Devices, Inc. on the other hand saw a slight incline in the market of 0.05% which made the trading of its shares to occur at a priceof $58.82.
Recently the company has introduced a quad-channel protector and two multiplexers that are offering +/-55-V overvoltage protection (OVP) for accuracy in amplifiers and convertors and other components that operate from a low voltage. These new devices are made in a way that they augment and optimize process control, avionics applications and accurate instrumentation.
The company is responsible for designing, marketing and making of integrated circuits which are either digital or mixed signal. These circuits are mostly targeted for consumers worldwide in the automotive and communication markets. They have customers spread all over the world. It has its headquarters in Norwood although it was founded in Cambridge, Massachusetts.
Unum Group also saw a decline in the market. Their shares dropped a massive -3.63% making the shares to be traded at $36.10.
This is quite surprising since the company has been facing continuous growth in sales, stable risk performance along with a premium income enhance as well.
Unum Group is a fortune 500 company which has its roots in Tennessee. It is an insurance company which are providers of individual and group disability insurance in the United States of America and United Kingdom.