Share of Easy Trip Planners deliver 17% return on a single day, new subsidiary announces.
Small-cap stock, Easy Trip(NSE: EASEMYTRIP) increased 17 per cent on Thursday, on account of company’s announcement to launch an insurance subsidiary named ’EaseMyTrip Insurence Broker Private Limited’.
Reason Behind the Growth in Share Price
There are various reasons behind the growth in share price. The company’s share price rises over 17 percent due to announcement to launch a subsidiary in the insurance segment.
It helps to diversify company’s services and generate revenue from this vertical.
The company focuses on providing a comprehensive travel ecosystem to its new and existing customers.
On the other hand, a piece of news that gives a boost to surge share price.
On account of, ongoing diplomatic dispute between India and Maldives EaseMyTrip decided to suspend all flight bookings to the Island country.
Foray into Hospitality Space
Travel Tech major EaseMyTrip inter into the hospitality and hotel space by acquiring a 13 per cent stake in Eco Hotels and Resorts Limited in a share swap deal.
The company also acquired a 55 per cent stake in hotel booking space cheQin in January 2023.
It also introduced an offline travel platform in a franchise model. With a franchise model, EaseMyTrip provides travel solutions such as holiday packages, flight booking, hotels, IRCTC (Rail Booking), caves, buses, cruises, charters, and visas.
Easy Trip Planner Fundamental Analysis
| Market Cap | 8,798 crore | RoE | 47% |
| PE Ratio | 55 | RoEC | 54.6 |
| Book Value | 3.46 | EPS | 0.92 |
| Debt to Equity | 0.19 | Face Value | 1.0 |
| Industry PE | 213 | Dividend Yield | 0.20 |
Easy Trip Share Price Target 2024 To 2030
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | 50 | 59 |
| 2025 | 63.7 | 68.60 |
| 2026 | 82.8 | 89 |
| 2027 | 85 | 87 |
| 2028 | 103 | 110 |
| 2029 | 125 | 135 |
| 2030 | 139 | 145 |
Easy Trip Planner Key Management
Established in 2008, Easy Trip has good experience in travel segment, founded by three brothers Prashant Pittie, Nishant Pittie, and Rikant Pittie. The company’s CEO and co-founder Nishant Pittie has 11 years of experience in the travel and tourism Industry.
The Travel Tech company has a presence in India including Singapore, the US, the UK, Thailand, and the UAE.