LIC-Backed Stock Under Rs 20 Jumps Over 16 Per Cent With Heavy Volume After Shares Ex-Trade Bonus Shares
The company has a market cap of over Rs 6,300 crore and LIC owns a 2.17 per cent stake in the company.
On Friday, the shares of the company were traded at an intraday high of Rs 19.01 per share, up 16.5 per cent from its previous closing of Rs 16.32 per share. The stock’s 52-week high is Rs 54 and its 52-week low is Rs 28.45. At the closing bell, shares of the company were trading at Rs 18 per share, up 10.3 per cent with a spurt in volume by more than 5.35 times on BSE.
The shares of Easy Trip Planners Ltd were ex-traded on Friday, November 29, 2024, in a 1:1 bonus share issue. This means that if you purchased shares on or after this date, you would not be eligible for the bonus shares.
Additionally, Easy Trip Planners Ltd.’s EMT Desk is a revolutionary platform for corporate travel management. It streamlines the process, offering cost-efficiency and employee satisfaction. Businesses gain dedicated travel managers, simplified expense tracking, and policy enforcement. Employees enjoy exclusive benefits and a user-friendly booking system. 24/7 support and multi-tier approval ensure policy adherence. With CO2 emission reporting and Power BI analytics, the EMT Desk provides valuable insights for informed travel decisions.
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Earlier, Easy Trip Planners Ltd, through its new subsidiary Easy Green Mobility, ventured into the electric bus manufacturing market. The company aims to manufacture EV buses, with YoloBus serving as its operating arm. This initiative marks a significant milestone in EaseMyTrip's commitment to sustainable mobility. With a focus on cutting-edge technology and energy-efficient battery systems, Easy Green Mobility aims to capture a significant share of the growing Indian electric bus market, offering innovative and eco-friendly travel solutions.
A publicly traded Indian travel platform, EaseMyTrip is one of the largest for air ticketing and among the fastest-growing internet companies. Founded in 2008 and profitable since the beginning, they offer flights, hotels, holidays, rail & bus tickets and other travel needs with no convenience fees. They connect users to over 400 airlines, 2 million hotels, and various local transportation options, operating in India with offices in major cities and internationally through subsidiaries. The company has a market cap of over Rs 6,300 crore and LIC owns a 2.17 per cent stake in the company.
Disclaimer: The article is for informational purposes only and not investment advice.