Easy Trip Planners share cost has rallied more than 300 per cent in the last 5 months, supplying superior returns to the investors. The corporation is the second-biggest on the net travel agency, made a stock industry debut in March this year, at 10 per cent premium to the IPO cost of Rs 206 per share. Since listing, the stock of this on the net travel agency has soared 195 per cent. In comparison, the Nifty 50 index has gained 18.7 per cent. Easy Trip Planners or EaseMyTrip.com is the quickest expanding and only lucrative corporation in the on the net travel portal in India.
Analysts say that the stock has gained about 300 per cent from its all-time low, hit in April this year, on the back of optimism amongst investors for the travel and tourism sector due to the fact of the re-opening of the economy. “While the travel and tourism sector suffered heavy losses due to the first and second wave of the pandemic, Ease My Trip was able to weather the storm due to lower costs. Investors can consider buying this stock at current level and the stock has the potential to generate around 12 to 15 percent return in the next 18 months,” Likhita Chepa, Senior Research Analyst, CapitalBy means of Global Research, told TheSpuzz Online.
In traded volume terms, 2.91 lakh shares have traded on BSE, although a total of 19.19 lakh shares exchanged hands on NSE, so far in the day. During the bidding method, Easy Trip Planners IPO saw huge interest from all pockets of investors, with the subscription tally soaring to 159 occasions. Analysts at ICICI direct Research like Easy Trip Planners for its user-friendly platform, exclusive travel offerings, low-expense enterprise model and wholesome economic position. “Considering strong growth potential of this technology platform in travel, we initiate coverage under Stock Tales format with a BUY recommendation,” they mentioned.
In the 1st-quarter earnings of FY22, Easy Trip Planners mentioned it believes there’s a substantial quantity of pent-up demand for travel and tourism sector post-vaccination drive and that persons are prepared to go out on traveling on holidays. “Once the situation normalised and is under control, the company anticipates that there is huge opportunity lying ahead to grab market share and grow exponentially,” analysts at Anand Rathi Share and Stock Brokers, mentioned in a report. It also remains positive on the corporation due to the company’s sturdy presence in the expanding on the net ticketing industry in India, lean enterprise model, sturdy management, stronger balance sheet along with lucrative development outlook. The brokerage firm has maintained ‘buy’ rating on the stock.
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