₹43 Travel Stock Rises 14% as Company Expands into Electric Buses!

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.

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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 nameEasy Trip Planners
Share Rise Today14% to ₹44.30
Closing Share Price₹43.08 (11% rise)
Main ServiceOnline travel services
New InitiativeElectric vehicles
New Unit PlanElectric bus manufacturing
Subsidiary TypeWholly-owned
New Unit DetailsNot available
Manufacturing ExperienceNone
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%

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