Easy Trip Planners stock up 9 pc after board meeting

The share price of Easy Trip Planners went up over 9 per cent in Tuesday's trade after the company said its board will meet on October 10 to discuss a proposal for an increase in authorised share capital, issue of bonus shares and or split of shares.

In an exchange filing, Easy Trip Planners said the meeting of its board of directors is scheduled for 10 am on October 10 through video conferencing. The board would consider the proposal for an increase in authorised share capital, issue of bonus shares and or sub-division split of shares.

On the BSE, 12 per cent increased to 418 per cent.

Easy Trip Planners offers a wide range of travel related products and services. In 2008, the company initially focused on the B 2 B 2 C business to business to customer distribution channel, where it used to give travel agents access to its website to book domestic travel airline tickets in order to cater to the offline travel market in India. The scrip's value has climbed 52.78 per cent this year. The scrip, which was listed in March 2021, has risen 123.5 per cent over its issue price of Rs 187.

In a recent presentation, the company said it had seen a rebound in demand across segments.

Hotel night bookings in June were up 40 per cent on a year-on-year basis, it said. In the June quarter, the trains, buses, and other segments saw bookings of 1,60, 000, up 132 per cent YoY.

On Monday, Nykaa had announced the issuance of bonus equity shares in the ratio of 1: 5 ie.e five shares for every share held. Nykaa stock had debuted in November last year and had seen a 79 per cent listing pop.