Easy Trip Planners Turns Ex-Bonus Soon: Here's What Brokerages Say
If you purchase on the ex-bonus date, then shares will not be credited to your account on the record date.
Easy Trip Planners Ltd. had announced a bonus issue recently. If you buy before Nov. 21, the ex-bonus date, you will be eligible for bonus shares. If you purchase on ex-bonus date, then shares will not be credited to your account on the record date as the settlement takes two days, that is T+2.
The company had announced Nov. 22 as the 'record date' for the bonus issue in the ratio of 3:1, meaning shareholders will get three shares for every one share of the company. It also announced a 1:2 stock split.
Bonus shares would be issued out of reserves and surplus worth Rs 192 crore as on March 31. Easy Trip Planners has given two bonuses so far since Feb. 28.
Easy Trip Planners is India’s second-largest online travel portal by gross booking volumes. Easy Trip’s focused, capital-light, low-cost, and no-frills approach sets it apart from rest of the online travel agency business in terms of profitability and cash flow. Its margin, however, has been narrowing in the last few quarters.
The company has its earnings call on Nov. 14. The stock is up 285% since listing.
Here is what brokerages make of the stock:
Has a 'buy' rating on the stock with a target price of Rs 452, implying a potential upside of 11.5% from the current price.
Robust international and domestic pickup in air travel bodes well for Easy Trip Planner.
The company is focusing on expanding its non-air verticals in the next fiscal, which is a positive.
Easy Trip Planner has strategically pursued inorganic growth by acquiring innovative companies across diverse travel segments and is evolving into a complete travel ecosystem.
The management's guidance is to achieve gross booking revenue of Rs 6,500–7,000 crore in FY23
The company expects to continue its strong growth momentum in the coming years with consistent profitability.
Has a 'reduce' rating on the stock with a target price of Rs 395, stock is currently trading at Rs 399 per share.
Sequential improvement in air segments and traction in Dubai operations are key positives for the company.
Reduced margin in the last few quarters remains a matter of concern.
Monarch Net Worth Capital
Has a 'buy' rating on the stock with a target price of Rs 517, implying a potential upside of 23% from the current price.
The company will continues to gain stature, reporting better growth in take rates and better growth in the air segment as compared to the market leader MakeMyTrip.
Easy Trip Planners is well placed to reap the benefits, given its unique positioning and asset-light model, and the elevated growth prospects of the airline and hotel industries.
Watch EaseMyTrip's Prashant Pitti on the road ahead for the travel firm: