Shares of Easy Trip Planners, the country’s second largest online travel agency, have gained more than 300 percent in the last five months. This rally has given tremendous profits to its investors. The company was listed in March this year at a premium of 10 per cent over its IPO price of Rs 206. The stock has gained 195 per cent since the listing. In comparison, Nifty50 has gained 18.7 per cent in this period.
This stock has risen sharply after a huge fall in April
According to analysts, the trade has been trading at more than 300 percent from its all-time low. The stock had fallen heavily in April. But after this, with the opening of the lockdown of Corona, there was a rapid growth in it. The activities in the economy intensify, the interest of investors has increased in the tour and travel sector. This is the reason why Easy Trip Planners or EaseMyTrip.com is growing rapidly. It is the only online travel planner company in the country to make profit.
What is the opinion of experts?
Likita Chhepa, Senior Research Analyst, CapitalVia Global Research says that investors can buy this stock at its current level. It is expected to return 12 to 15 per cent in the next one and a half years. So far 2.91 lakh shares of this company have been traded in BSE, while 19.19 lakh shares have been traded in NSE. Analysts at ICICI direct Research say that Easy Trip Planners’ user-friendly platform, exclusive travel offerings, low-cost business model and sound financial position give good prospects to the company’s shares. Analysts at ICICI direct Research say that the growth potential of the technology platform in travel is very good. Therefore it is being given a rating of ‘BUY’.
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There is a huge potential for growth in the travel sector, the company’s shares will rise
Analysts at Anand Rathi Share and Stock Brokers say that the travel market will grow very fast once the situation is brought under control after COVID. Commenting about its first quarter earnings, a large number of people will travel after vaccination. Therefore, it can see a lot of growth due to pent-up demand. Analysts at Anand Rathi Share and Stock Brokers say that Easy Trip Planners has a significant share in the fast growing online ticketing market in the country. The company’s costs are low and the management looks strong. Its balance sheet is also good and there is a possibility of profit going forward. So this ‘BUY’ rating is being given.
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