The sharp rally within the inventory worth of the journey firm was triggered by an organization announcement introducing EMTFAMILY — an invitation solely, particular programme for its elite shareholders.
Beneath this programme, the corporate’s shareholders will probably be enrolled right into a ‘Refer Now & Earn Ceaselessly’ programme. By referring a brand new consumer to ebook from EaseMyTrip web site or cell utility, the referrer will probably be eligible to get thrilling cash-backs on flights, accommodations, holidays, buses and prepare bookings for a interval of 1 12 months.
Among the unique options of the programme embrace — Refer Now & Earn Ceaselessly; Particular & unique fares on varied flights & accommodations; Purchase 2 nights and get 1 free on greater than 500 accommodations and Full-refund on medical grounds amongst others.
Shares of Straightforward Journey Planners have gained 70% within the final 1 12 months, whereas its year-to-date return is at 62%. The inventory has fallen 26% from its 52-week excessive worth of Rs 73.5.
FII shareholding within the inventory has come down within the September quarter to 2.52% from 3.44% within the June quarter.
Of the 4 analysts’ suggestions on the inventory, 2 prompt a ‘Robust Purchase’, whereas one advisable a ‘Maintain’ and the opposite gave a ‘Promote’ ranking on the counter, Trendlyne knowledge confirmed.
The journey companies supplier is a low-debt firm with zero promoter pledge. Straightforward Journey Planners, listed in March 2021, is buying and selling at a big low cost of 71% from its IPO subject worth of Rs 187.
The smallcap firm with a market valuation of Rs 9,499 crore is presents tour and journey companies.