Small Cap Multibagger Stock Rises 8% As Board To Consider Bonus Issue, Stock Split

Shares of small cap multibagger stock, Easy Trip Planners Ltd surged by nearly 8% in trade today as the company declared its decision to consider stock split and bonus issue next week at its board of directors meet. The company came into existence in 2008 and operates in Services sector. Check key takeaways below pertaining to stock split and bonus issue:

1. Easy Trip Planners Ltd To Consider Stock Split, Bonus Issue

The board of directors of Easy Trip Planners Ltd has stated in an exchange filing, "Easy Trip Planners Ltd has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/10/2022 ,inter alia, to consider and approve Pursuant to Regulation 29 other applicable Regulations, if any, of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please be informed that a meeting of the Board of Directors of the Company is scheduled to be held on Monday, October 10, 2022, at 10:00 A.M through video conferencing for considering the proposal for increase in Authorised Share Capital, issue of Bonus Shares and/or Sub-Division/Split of Shares."

Therefore, as per the above information, the board of the company will meet on October 10, 2022 to consider stock split, bonus issue, and the proposal to increase authorised capital.

2. Easy Trip Planners Ltd Stock Outlook

The current market price of the stock is Rs 411 apiece with an intraday gain of 7.54%. The stock's 52-week high is Rs 476 apiece and 52-week low is Rs 225 apiece, respectively.

3. Easy Trip Planners Ltd Market Capitalisation

The company has a market capitalisation of Rs 8,951 crore at the time of writing the story.

4. Easy Trip Planners Ltd 5-Years Return

The stock has given a return of 295% in the last 5 years, 37% in the last 1 year, and 9% in the last 6 months. The stock gained 8% in just 1-month.

5. Easy Trip Planners Ltd Latest Quarterly Result

The company for the quarter ended June 30, 2022 a consolidate total income of Rs 91 crore, up 39% from last quarter total income of Rs 65 crore. The company declared a net profit after tax at Rs 33 crore in latest quarter.

6. Easy Trip Planners Ltd About

The company operates as a travel company and offers ticket booking, tour planning, accommodation services, and transport arrangement, among others. Nishant Pitti holds the position of Chairman & CEO of the travel company.