1:1 Bonus Issue By Travel Stock At Rs 30, Record Date - November 28; Time To Buy Or Sell?

Easy Trip Planners Ltd, is among the top companies to turn ex-date for its bonus issue rewards in November. Trading at around Rs 30, Easy Trip Planners has mostly seen a bearish trend in 2024 so far. Easy Trip is going to offer its third bonus issue in history, and this time the ratio is about 1:1. Ahead of the bonus, is it the right time to buy Easy Trip stock?

Easy Trip Planners Share Price:

After market hours of November 19, the stock price stood at Rs 30.15 apiece, up by 0.8% on BSE with a market cap of Rs 5,342.70 crore. The stock's 52-week high and low is about Rs 54 apiece and Rs 28.45 apiece respectively.

The stock's return on equity is at 16.25%, while price-to-equity ratio is at 51.55x.

YTD, on BSE, the stock has dipped by 26%.

Easy Trip Planners Bonus Issue:

The company has announced a bonus issue of a 1:1 ratio, meaning, it will reward 1 free share on the existing 1 share. For this, the company has fixed Thursday, November 28, 2024, as the Record Date to determine the members eligible for the issue of bonus equity shares.

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 MarketsMojo, Easy Trip Planners, a midcap company in the travel services industry, reported a negative performance in the quarter ending September 2024 with a score of -11. However, the company has generated a strong operating cash flow of Rs 124.11 crore in the last three years. The profit before tax and after tax have both fallen compared to the previous four quarters, and the operating profit and net sales have also declined.

Investors should take note of the 'Strong Sell' stock call by MarketsMojo and monitor the company's performance in the future.

Even, as per Trendlyne data, the consensus of recommendation is SELL on the stock. However, the company's EPS is expected to grow by 89.7% in FY25.

On November 20, Easy Trip announced that EaseMyTrip.com, one of India's largest online travel tech platforms, announced its partnership with BNZ Green, a leader in sustainable technology solutions. This
collaboration marks a significant milestone in EaseMyTrip's commitment to promoting eco-friendly green travel and reducing the environmental impact of the tourism industry.

Through this partnership, EaseMyTrip will integrate BNZ Green's cutting-edge APIs into its booking platform. All of this will be provided through a seamless sync of a blockchain-based carbon offset program, enabling travellers to purchase carbon credits directly through the platform and receive verifiable certificates stored on a secure blockchain.

About Easy Trip Planners:

EaseMyTrip (a publicly listed company at NSE and BSE) is India's of largest online travel platform in terms of air ticket bookings, based on the Crisil Report-Assessment of the OTA Industry in India, February 2021. Furthermore, growing at a CAGR of 47% during FY20-24 in profits before tax, it is one of the fastest-growing internet companies.