Easy Trip Planners’ board to meet on Jan 24 to consider acquisition proposals

Easy Trip Planners is looking to acquire companies which have an asset light model and are debt free, along with a positive bottomline. The company management had also clarified that it is aiming for the names which are in the travel space but must be in the non-air segment.

Founded in 2008 by Nishant Pitti, Rikant Pittie, and Prashant Pitti, EaseMyTrip’s online platform enables customers to book air, rail, and bus tickets, hotels, holiday packages, and more. Easy Trip Planners is a bootstrapped venture, which has turned profitable now.

Ease My Trip EPS has shown robust growth since the travel industry recovery post pandemic. The company maintained stable EBIT margins over the last year and business performance has also improved, said Ravi Singhal, CEO, GCL Securities.

“Ease My Trip is now also focusing towards international networking which may further strengthen the business prospects. On technical setup, the stock is showing strength on momentum indicators on the daily chart,” he said.

In November 2022, the company stock went through the corporate action as the company issued bonus shares in 3:1 ratio after the sub-division of each equity share with face value of Rs 2 into two equity shares with a face value of Re 1 each.

Singh added that the oscillators are also suggesting an inherent strength in the counter. Investors may Buy Ease My Trip stock at current levels for the target of Rs 75 putting stop loss of Rs 48-levels.

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