Easy Trip Planners stock zooms ~12% as stock trades ex-bonus

29 Nov 2024 , 02:01 PM

Shares of Easy Trip Planners Ltd., the parent company of EasyMyTrip, are up more than 12% on Friday, November 29.

The stock is trading ex-bonus following November 28, which was the record date for the company’s bonus share issue.

Earlier, Easy Trip Planners announced a 1:1 bonus share issue, which meant that qualifying shareholders would receive one free share for every one share held as of the record date.

According to data accessible on the BSE, this is the third time the company has issued free shares to shareholders. In November 2022, Easy Trip announced the issuance of three free shares for each share owned. It also issued a 1:1 share bonus in March 2022.

If you purchased the company’s shares today, you will not be eligible for the bonus share issue.

Easy Trip Planners shares are currently trading at ₹18.48, up 13.1%. The stock currently trades below its 52-week high of ₹27.

In Q2 FY25, the company’s total net profit fell by 45.17% to ₹25.87 Crore. The revenue from operations increased 2.1% year on year to ₹144.67 Crore in the second quarter of FY25. 

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