Volume Spurt Alert: Debt-Free Stock Under Rs 20 Jumps After Becoming Official Title Sponsor of Big Cricket League, Empowering Cricket Dreams nationwide
The company has a market cap of over Rs 6,000 crore with debt-free as of September 2024 and LIC owns a 2.17 per cent stake in the company.
On Monday, the shares of Easy Trip Planners Ltd gained 3.08 per cent to Rs 17.09 per share from its previous closing of Rs 16.58 per share. The stock’s 52-week high is Rs 27 and its 52-week low is Rs 14.23. The company's shares saw a spurt in volume by more than 2.86 times on BSE.
EaseMyTrip, a leading Indian online travel platform, has become the official title sponsor for the Big Cricket League. This innovative tournament is unlike any other, as it unites legendary international cricketers with passionate amateur players from across India. Through this partnership, EaseMyTrip will provide cricket enthusiasts, players, and fans with exclusive travel opportunities and special benefits.
The partnership extends beyond sponsorships, aiming to enhance the overall fan experience and support aspiring cricketers. EaseMyTrip will offer special travel deals for those attending the tournament, making their journeys more affordable and enjoyable. Additionally, there will be awards recognizing exceptional local talent and opportunities to win match tickets through EaseMyTrip's social media platforms, further fuelling the passion of cricket lovers nationwide.
The Big Cricket League bridges the gap between professional and amateur cricket. Renowned international players will compete alongside talented local stars, creating a platform where passion meets opportunity. The tournament format promises electrifying matches pitting diverse teams against each other. Partnering with the league's special recognition program, EaseMyTrip will celebrate outstanding performances through awards.
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These awards range from cash prizes for the Best Bowler and Best Batter to domestic and international holiday packages for the Man of the Match, Best Local Talent, and Man of the Series. These recognitions not only honour individual excellence but also offer tangible rewards to motivate cricketers at all levels. This partnership builds upon EaseMyTrip's history of supporting sporting events, as they strive to make every cricket fan's journey smoother, more accessible and more exciting.
About the Company
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 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. The company has a market cap of over Rs 6,000 crore with debt-free as of September 2024 and LIC owns a 2.17 per cent stake in the company. The shares of the company have an ROE of 32 per cent and an ROCE of 44 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.