Easy Trip Planner Ltd.'s share price rose to the highest level in over two months as the stock started trading ex–bonus on Friday. The company issued bonus share in 1:1.
The parent company of EaseMyTrip issued one share for each share held by eligible share holders on Friday, which is selected as a record date, the company informed the exchange on Nov. 19.
On Thursday, Easy Trip Planners launched EMT Desk, a comprehensive business travel platform to enhance the corporate travel experience. "EMT Desk combines strategic oversight, employee-friendly benefits, and real-time travel management under one intuitive system," the filing said.
EMT Desk intends to meet unique requirement of corporate clients. A travel manager will oversee each account, provide strategic planning and budget analysis for efficient, cost-effective business travel, it said.
Easy Trip Planners Share Price Today
Easy Trip Planners Ltd.'s share price jumped 13.71%, the highest level since Sept. 25, before paring gains to trade 12.86% higher at Rs 18.43 apiece as of 10:08 a.m. This compares to a 0.53% advance in the NSE Nifty 50.
The market–cap of Easy Trip Planners rose Rs 678.69 crore to Rs 6,46.40 crore as of 10:09 a.m.
Easy Trip Planners hit 52–week high of Rs 27 apiece on Feb. 9, while it touched the 52–week low of Rs 14.21 on Oct. 23.
The stock declined 4.3% in 12 months, and 8.95% on year-to-date basis. Total traded volume so far in the day stood at 12 times its 30-day average. The relative strength index was at 66.32.
The one analyst tracking the company suggests 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies a downside of 4.6%.
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