Easy Trip Planners Ltd (NSE: EASEMYTRIP): The share from Easy Trip Planners Ltd, the parent company of EaseMyTrip which offers online services for travel, have experienced an explosive rise. The share of Easy Trip Planners Ltd rose 14 % to Rs 44.30 during the day’s trading on Thursday.
At the end of trading, the company’s share closed at Rs 43.08 with a jump of about 11 percent. It has also announced its plans to start manufacturing electric vehicles.
Will Create A New Unit For Electric Bus Manufacturing
Easy Trip Planners Ltd has stated in an exchange filing that the company’s board has approved the proposal to create a wholly-owned subsidiary for the manufacturing of electric buses.
The details are not available yet on the timeframe for the installation of the new unit, or about the cost of it.
Easy Trip Planners Ltd offers ticket booking, transportation arrangements tours, travel planning, as well as accommodations services. The company currently has no manufacturing experience.
The Company Has Distributed Bonus Shares
Easy Trip Planners Ltd has distributed bonus shares to its shareholders twice a year. In February 2022, the company gave bonus shares to its investors in a ratio of 1:1.
This means that the company provided 1 bonus share for each share. The company offered bonus shares at the ratio of 3:1 on November 20, 2022.
This means that the company has provided investors with 3 bonus shares for each share. The company also divided its shares in November 2022.
The company has divided shares with a face value of Rs 2 into shares with a face value of Rs 1. The shares of Easy Trip Planners Limited have gained about 9 % in the last month.
The 52-week peak of shares in the company is 54 rupees. In the same way, the 52-week low in Easy Trip Planners shares is 37.01 rupees.
Quick Fact
| Company name | Easy Trip Planners |
|---|---|
| Share Rise Today | 14% to ₹44.30 |
| Closing Share Price | ₹43.08 (11% rise) |
| Main Service | Online travel services |
| New Initiative | Electric vehicles |
| New Unit Plan | Electric bus manufacturing |
| Subsidiary Type | Wholly-owned |
| New Unit Details | Not available |
| Manufacturing Experience | None |
| Bonus Share (Feb 2022) | 1:1 ratio |
| Bonus Share (Nov 2022) | 3:1 ratio |
| Share Split (Nov 2022) | From ₹2 to ₹1 face value |
| Share Gain (Last Month) | 9% |
Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.
