On Monday this small-cap stock gains more than 6% after the company entered into a partnership with the Imperial Society of Innovation Engineers (ISIE). The stock price has remained high due to the strong and rising volume, which is larger than normal when compared to the previous day and week.
Easy Trip Planners Ltd
The company belongs to a small-cap category, with a market value of Rs. 7,401 Cr, On Monday the stock rose more than 6% and closed 3.17% up at Rs. 42.58 on BSE.
According to the BSE filing, Easy Trip Planners Ltd has announced its strategic partnership with the Imperial Society of Innovative Engineers for Formula Imperial 2023 and the Indian Karting Race 2023. This groundbreaking collaboration is set to elevate the experience for Winners and participants of these prestigious motorsport events, scheduled to be held in October 2023 at Galgotias University, Greater Noida and Buddh International Circuit.
In addition, for those participating in Formula Imperial 2023 and Indian Karting Race 2023, EaseMyTrip extending generous travel discounts.
The company’s total revenue grew by 20% from Rs. 87.7 Cr in Q1 FY23 to Rs. 105.4 Cr in Q1 FY24 and for the same period net profit declined by 22% from Rs. 33.6 Cr to Rs. 26.1 Cr.
As per the latest shareholding data, Promoters hold 65.54%, FIIs hold 2.30%, DIIs hold 2.42% and the public hold a 29.74% stake in the company.
EaseMyTrip (a publicly traded business on the NSE and BSE) is India’s largest online travel platform for flight ticket purchases. The company gives its consumers access to over 400 international and domestic airlines, over 2 million hotels, train/bus tickets, and taxi rentals in major Indian cities.
Written by Sheshadri N
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