Small Cap Services Stock Zooms After Board Approves 3:1 Bonus, 1:2 Stock Split

Small Cap Company, Easy Trip Planners Ltd has announced its approval for bonus share and stock split on Monday and the decision led to a jump in the shares of the company. The company incorporated in 2008 and operates in services sector. The company has a market capitalisation of Rs 8,837 crore. Check key takeaways below:

1. Board of Easy Trip Planners Gives Nod To Stock Split, Bonus Issue

The board of directors of Easy Trip Planners Ltd in its regulatory filing stated, "Pursuant to Regulation 30 (read with Part A of Schedule III) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 as amended, this is to inform that the Board at its meeting held today i.e., 10th October, 2022, has inter-alia, considered and approved the following items subject to shareholder's approval:

1. Sub-division/Split of each existing equity share of face value of Rs. 2/- (Rupees Two only) into 2 equity shares of face value of Rs. 1/- (Rupee One Only) fully paid- up.

2. Issue of 3 (three) bonus equity shares for every 1 (one) fully paid-up equity share.

3. Increase in Authorised Share Capital from INR 75,00,00,000 to INR 200,00,00,000.

4. Alteration in Capital Clause of Memorandum of Association.

2. Easy Trip Planners Stock Outlook

The last trading price of the stock is Rs 406 apiece with an intraday gain of 1.12%. Its 52-week high is Rs 476 apiece and 52-week low is Rs 225 apiece. The stock is currently trading at 14.71% discount from its 52-week high.

3. Easy Trip Planners Market Capitalisation

The company has a current market capitalisation of Rs 8837 crore.

4. 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.

5. 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.