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The shares of Easy Trip Planners were in focus on Monday as the stock started trading ex-split and ex-bonus. Its board of directors fixed 22nd November 2022 as the record date to finalize eligible shareholders for the issuance of bonus shares and stock subdivision. 

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The company’s shares were trading at ₹ 385.00 levels on Friday and its previous closing price was taken as ₹ 47.75, in order to incorporate the price adjustment on account of the corporate actions (bonus and split). 

Ahead of the record date, its shares gained 20% to reach an intraday high of ₹ 57.30 apiece. They were trading at ₹ 55.80, up 16.86% at 12:40 PM on Monday. 

Easy Trip Planners is one of the largest online travel platforms in India. It is a B2B2C (business to business to customer) distribution channel that offers end-to-end travel solutions, and travel-related products and services under its flagship brand ”Ease My Trip”. 

The company had informed the bourses that it had declared a 3:1 bonus issue. Eligible shareholders will receive 3 bonus equity shares for every share that they hold in the company. In addition, it announced the subdivision of the existing equity shares of a face value of ₹ 2 each into two shares of a face value of ₹ 1 each. These shares will be credited/ dispatched within 2 months from the date of approval by the Board, i.e., by December 08, 2022. 

Easy Trip Planners is a mid-cap company with a market capitalization of ₹ 8,299 crores. It has an excellent return on equity of 53.16% and an ideal debt-to-equity ratio of 0.12. Further, its shares are trading at a price-to-equity ratio of 66.60, which is almost at par with the industry P/E of 65.83. 

Written by Simran Bafna 

Disclaimer

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