1:1 Bonus Shares Approved: Should You Buy Travel Stock Under Rs 40 To Get 1 Free Share?

Easy Trip Planners Ltd recommended 1:1 bonus shares on October 14, 2024. The company has yet to intimate the record date for 1:1 bonus shares. Last trading price of Easy Trip Planners shares on BSE stood at Rs 32.99 per share with decline of 1.40% in trade today (October 15, 2024). Easy Trip Planners has a market capitalisation of Rs 5,845.96 crore. Easy Trip Planners shares offered return of 0.06% in last 1-week and slipped over 21% in last 1-month. The company also launched the travel utsav sale for savings on flights, hotels and more. Check details below:

Easy Trip Planners Approves Bonus Shares: As per the exchange filing of Easy Trip Planners dated October 14, "EaseMyTrip.com, one of India's largest online travel tech platforms, has approved the issuance of 1 (one) bonus equity share for every 1 (one) fully paid-up equity share, as per the decision of the board meeting held today. The bonus shares will be issued from the company's available reserves as of March 31, 2024. This move highlights EaseMyTrip's commitment to rewarding shareholders, following two successful bonus issuances in 2022."

Mr. Nishant Pitti, CEO and Co-Founder, EaseMyTrip, commented, "This bonus issuance reflects our gratitude to shareholders and underscores our confidence in the company's strong financial health. As we expand, it's important to continue sharing our success with those who have supported us throughout."

The key details of the EaseMyTrip bonus issue include a 1:1 bonus ratio, meaning one bonus share will be issued for every fully paid-up equity share. The total number of shares to be issued are 1,77,20,40,618 at a face value of Rs. 1/- each. The issuance will be financed using INR. 1772.04 million from the company's available reserves of INR. 3973.96 million, added the exchange filing.

Easy Trip Planners Launches Utsav Sale: The company via its BSE filing dated Oct 15 said, "EaseMyTrip.com, one of India's largest online travel tech platforms, has announced the commencement of its grand festive season offer, the Travel Utsav Sale. This limitedperiod sale will be active on the official website of EaseMyTrip from October 15th to 22nd, 2024. The eye-catching deals pack a bountiful basket of discounts on international and domestic flights, hotels, buses, cabs, and holiday packages. During the Travel Utsav Sale, customers can enjoy up to 34% off on flights, up to 65% off on hotels, a flat 15% off on bus bookings, and a flat 12% off on cab rentals. For those eyeing a complete getaway, holiday packages start at an incredibly low price of INR 6,999*. To unlock these savings, customers can book through using respective banks promocode on the EaseMyTrip app or website."

Should You Buy Easy Trip Planners Shares? According to A R Ramachandran, Independent SEBI Research Analyst, "Easy Trip Planners is bearish on the Daily charts with strong resistance at 34.9 on the Daily charts. A daily close below support of 31.72 could lead to target of 26.8 in the near term."

Easy Trip Planners Shares Performance: The 52-week high price of Easy Trip Planners shares on BSE is Rs 54.00 per share (as on 08/02/2024) and 52-week low price is Rs 31.71 per share (as on 07/10/2024), respectively. Easy Trip Planners shares fell 20% in last 3-months, slipped 19% so far in 2024 and declined again by 20% in last 1-year.

About: EaseMyTrip (a public listed company at NSE and BSE) is India's one 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 59% during FY20-23 in profits, it is one of the fastest-growing internet companies. Bootstrapped and profitable since its inception, EaseMyTrip offers 'End to End' travel solutions including air tickets, hotels and holiday packages, rail & bus tickets as well as ancillary value-added services. EaseMyTrip offers its users the option of zeroconvenience fees during bookings.

Disclaimer: The stock has been picked from the brokerage report of A R Ramachandran. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.