Ixigo shares experienced a significant rally, with prices jumping over 7-9 percent on January 13, following a 'Buy' upgrade from JM Financial. The brokerage cited attractive valuations after a recent 20 percent correction, improved risk-reward, and intact long-term growth prospects for India's travel sector. JM Financial raised its target price to Rs 275, implying an upside of up to 30 percent, while acknowledging temporary headwinds in the flights business and investments in the hotels segment.