1:1 bonus share: Debt-free stock under Rs 20; Company inaugurates Theerth Yatri Sewa Booth in collaboration with Ayodhya Development Authority
The company has a market cap of over Rs 5,000 crore with debt-free as of September 2024 and LIC owns a 2.36 per cent stake in the company.
EaseMyTrip, a leading travel platform in India, has launched a new initiative called EasyDarshan to improve the pilgrimage experience in Ayodhya. This initiative, in collaboration with the Ayodhya Development Authority, includes opening a Theerth Yatri Sewa Booth at Lata Mangeshkar Chowk. This booth will serve as a central location for pilgrims to receive guidance, make bookings, and access other helpful services.
The EasyDarshan program goes beyond just providing information. They are creating employment opportunities for local youth by hiring and training them as “Theerth Sevaks”. These Sevaks will serve as knowledgeable guides for the pilgrims, enriching their experience with insights into Ayodhya's cultural, historical and spiritual significance. This program not only benefits the pilgrims but also contributes to the local economy by providing jobs.
Recognizing the increasing number of pilgrims visiting Ayodhya, EasyDarshan is also working with the Ayodhya Development Authority to address the accommodation needs. They are supporting the development of homestays in and around the city. This will provide visitors with more comfortable and affordable lodging options, while promoting community participation in the tourism industry.
DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
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.
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 5,000 crore with debt-free as of September 2024 and LIC owns a 2.36 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.