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HomeMarketStocksEasy Trip Planners shares close at 20% upper circuit in Monday's trade

Easy Trip Planners shares close at 20% upper circuit in Monday’s trade

Shares of closed at 20% higher circuit in Monday’s commerce at Rs 54.65 apiece on the NSE. On the BSE, the shares settled at Rs 54.65 per share.

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.

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