Easy Trip Planners Share Price: 20% upper circuit - HUGE BUYING!
Easy Trip Planners is the only player among the key online travel agencies (OTA) in India which has been consistently earning profits because as a 100% bootstrapped company it believes that incurring costs in the most efficient manner serves it better while attracting customers as well as earning profits than spending on marketing and promotion activities. The table below shows a comparative analysis of costs borne by its peers Make My Trip and Yatra
Easy Trip Planners is the only player among the key online travel agencies (OTA) in India which has been consistently earning profits because as a 100% bootstrapped company it believes that incurring costs in the most efficient manner serves it better while attracting customers as well as earning profits than spending on marketing and promotion activities. The table below shows a comparative analysis of costs borne by its peers Make My Trip and Yatra. The stock price witnessed huge buying in this counter and the stock is now freezed at 20% upper circuit.
Easy Trip Planners is a net debt free and cash rich company wherein the cash reserves are only expected to improve. Ventura Securities think it is not too optimistic to expect that the company will pay dividends right from the start.
See Zee Business Live TV Streaming Below:
As of December 31, 2020, Easy Trip Planners provided their customers with access to more than 400 international and domestic airlines, more than 1,096,400 hotels in India and international jurisdictions, almost all the railway stations in India as well as bus tickets and taxi rentals for major cities in India. In addition, as of December 31, March 31, 2020, they had 59,274 travel agents registered with them. They have historically financed their working capital requirements and the expansion of their business and operations primarily through funds generated from their operations, equity infusion from Promoters and debt financing.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
PM Modi has invested in this post office scheme; know his total worth as per Lok Sabha elections 2024 affidavit
SRH vs GT IPL 2024 Ticket Booking Online: Where and how to buy SRH vs GT tickets online - Check IPL Match 66 ticket price, other details
Top 7 SWP Mutual Funds: Rs 50 lakh investment, Rs 70K monthly pension for 10 years, and Rs 42.30 lakh balance value; know more details
Gold and Silver rate today (May 13, 2024): Precious metal under pressure; yellow metal near Rs 72,400, white metal above Rs 84,600
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
TBO Tek IPO Listing LIVE Update: Bumper Debut! Share list at 55% premium - Buy, sell or hold? Check Anil Singhvi's view
03:05 PM IST