1:1 Bonus Share: Debt-Free Stock Under Rs 20 In Focus as Company Partners with OLX India; Details Inside
The company has a market cap of over Rs 5,800 crore with debt-free as of September 2024 and LIC owns a 2.17 per cent stake in the company.
On Thursday, the shares of Easy Trip Planners Ltd plunged 1.84 per cent to Rs 16.58 per share from its previous closing of Rs 16.89 per share. The stock’s 52-week high is Rs 27 and its 52-week low is Rs 14.23.
OLX India, a prominent online classifieds platform, has taken a significant step towards expanding its service offerings by partnering with EaseMyTrip, a major online travel agency in India. This collaboration will enable OLX users to conveniently book flights, hotels, and holiday packages directly from the OLX platform.
The integration of EaseMyTrip's services into the OLX platform offers a seamless and user-friendly booking experience. OLX users will have access to a wide range of travel options, exclusive deals, and real-time support from EaseMyTrip. This partnership aims to cater to the growing demand for online travel bookings and provide a convenient solution for OLX's vast user base.
By leveraging the combined strengths of both platforms, OLX and EaseMyTrip aim to enhance user experience, drive customer engagement, and tap into new growth opportunities in the online travel market. This strategic collaboration positions OLX as a comprehensive online platform offering a diverse range of services, including travel bookings.
About the Company
EaseMyTrip (a publicly listed company at NSE and BSE) is India’s one of largest online travel platform in terms of air ticket bookings, based on the Crisil Report-Assessment of the OTA Industry in India, February 2021. Furthermore, growing at a CAGR of 47 per cent during FY20-24 in profits before tax, it is one of the fastest-growing internet companies. Bootstrapped and profitable since its inception, EaseMyTrip offers 'End to End' travel solutions including air tickets, hotels and holiday packages, rail & bus tickets as well as ancillary value-added services. EaseMyTrip offers its users the option of zero convenience fees during bookings.
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EaseMyTrip provides its users with access to more than 400 international and domestic airlines, over 2+ million hotels as well as train/bus tickets and taxi rentals for major cities in India. Founded in 2008, EaseMyTrip has offices across various Indian cities, including Noida, Delhi, Gurugram, Bengaluru and Mumbai. Its international offices (as subsidiary companies) are in the Philippines, Singapore, Thailand, the UAE, the UK, the USA and New Zealand
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 5,800 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 43 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.