Easy Trip Planners rallies over 5 per cent on announcing 3:1 bonus issue and stock split!

So, what’s stoking a positive price movement in the stock? It’s the announcement made by the company on Monday!

Easy Trip Planners jumped over 5 per cent on Monday in an otherwise very fragile market. The stock opened the session at Rs 404 and thereafter, went on to touch an intraday high of Rs 428. The upmove has been seen on the back of robust volume as we are just in the initial hours of the trading session while the volume registered has been the highest in the last three trading sessions. 

So, what’s stoking a positive price movement in the stock? It’s the announcement made by the company on Monday! The company has announced the issuance of three bonus equity shares for every one fully paid-up equity share. Along with this, it has announced a sub-division or split of each existing share of the face value of Rs 2 into two shares of the face value of Rs 1 fully paid-up.   

The stock zoomed nearly 55 per cent on a YTD basis while in the last one-month, it has advanced nearly 6 per cent.   

The company offers a comprehensive range of travel-related products & services under the flagship brand, 'Ease My Trip'.  

It also provides end-to-end travel solutions including airline tickets, hotels & holiday packages, rail tickets, bus tickets, and taxis along with ancillary value-added services such as travel insurance, visa processing, and tickets for activities as well as attractions.