Leading travel company, Easy Trip Planners will be in focus next week as its share price will turn ex-bonus for the ratio of 1:1. Only those shareholders will be eligible who are holding Easy Trip Planners stock by the end of the record date. Bonus shares are like incentives which are free of cost given to investors. Under this corporate action, new shares are issued at the existing Face Value of equity shares of the company. Hence, the face value remains the same post-bonus issue.
Easy Trip Planners Stock Price:
The stock price gained by nearly 9% to end at Rs 32.01 apiece on BSE after market hours on November 22, with a market cap of around Rs 5,672.30 crore. Its weekly performance turned positive by 6.10% due to the latest buying momentum. In a month, the gains emerged to be nearly 11%.
Also, last week, EaseMyTrip.com, one of India's leading online travel tech platforms, announced the launch of its first franchise store in Jabalpur, Madhya Pradesh. This strategic expansion adds to the company's growing network of retail stores under its successful EaseMyTrip Franchise program, reinforcing its commitment to bringing personalized travel services closer to customers across India. This marks the 20th store unveiled under the company's flagship program.
The Jabalpur store is part of EaseMyTrip's ambitious franchise program, which aims to establish 100 retail stores by FY25. The program has seen consistent growth, with the Jabalpur store following the most recent launch in Bhubaneshwar. Travelers can also access specialized services such as luxury cruise bookings and end-to-end visa assistance, as per the filing.
Easy Trip Planners Bonus Issue:
Easy Trip has revised its record date for bonus issue to Friday, November 29, 2024, considering the trading holiday (Assembly Elections in Maharashtra) on November 20, 2024.
The company has announced a bonus issue of a 1:1 ratio, meaning, it will reward 1 free share on the existing 1 share.
This bonus issue is the third by Easy Trip Planners. Earlier, the company paid the first bonus issue of a 1:1 ratio in February 2022, followed by another 3:1 bonus issue in November 2022, which is the highest bonus by the company.
BUY/SELL Easy Trip Planners:
As per Trendlyne data, Easy Trip Planners is an Expensive Performer, meaning that these stocks are medium quality and mid-range technical aspects. However, their financials make them a little expensive so choose the right moment to buy them. However, the consensus recommendation is based on 1 analyst recommendation SELL on Easy Trip shares, but its 1-year target price is set at Rs 41, hinting at a nearly 28% potential upside ahead.
Explaining in detail, the Trendlyne data stated that Easy Trip Planners Ltd. has a valuation score of 17, which indicates an Expensive Valuation. A High Valuation Score (greater than 50) indicates the stock is competitively priced at current P/E, P/BV and share price.
Furthermore, Easy Trip Planners Ltd. has spent 59.9% of the time below the current P/E of 64.3. This puts it in the PE Neutral Zone. Also, the stock has a Momentum score of 37, which indicates that it is Technically Neutral.
Giving average estimates to key metrics, the Trendlyne data showed that Easy Trip Planners' EPS is expected to grow by 89.7% in FY25, while its Dividend per share is expected to grow by 700.0% in FY25. Additionally, Net income is expected to grow by 87.9% in FY25.
About Easy Trip Planners:
EaseMyTrip offers its users the option of zero-convenience fee during bookings. EaseMyTrip provides its users with access to more than 400 international and domestic airlines, over 2+ million hotels as well as train/bus tickets and taxi rentals for major cities in India. Founded in 2008, EaseMyTrip has offices across various Indian cities, including Noida, Delhi and Gurugram, Bengaluru, and Mumbai. Its international offices (as subsidiary companies) are in the Philippines, Singapore, Thailand, the UAE, the UK, the USA and New Zealand.
Disclaimer: The write-up is just for information purposes, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the article mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.
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