Share price of Easy Trip Planners Ltd. the parent company of the travel aggregator EaseMyTrip, witnessed a decline of over 4% on Monday, December 2, following profit booking after a notable two-day surge. On Friday, the stock had jumped over 10% after turning ex-bonus, sparking short-term investor interest.
The company recently executed a 1:1 bonus issue, where eligible shareholders received one free share for every share held. This marks the third time Easy Trip Planners has issued free shares:
Such bonus issues often attract investor attention, leading to volatility in share prices.
As of Monday, Easy Trip Planners’ shares traded 4% lower at ₹17.27 on the Bombay Stock Exchange. The stock has underperformed this year, registering a 15% decline in 2024 so far.
Despite the current slump, the company remains one of India’s leading online travel platforms, primarily in terms of air ticket bookings, according to a Crisil report (2021). Additionally, its impressive 47% CAGR in profit before tax during FY20-24 highlights its status as one of India’s fastest-growing internet companies.
In a significant recent development, EaseMyTrip introduced EMT Desk, a comprehensive platform aimed at revolutionising corporate travel. This innovative solution offers:
Designed to cater to modern businesses, the EMT Desk ensures cost efficiency and a seamless travel experience, reflecting EaseMyTrip’s commitment to innovation in the travel sector.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
