EASEMYTRIP Share Price is going to be bullish till Rs 40, know what big investors say
Easy Trip Planners Ltd (EASEMYTRIP) shares closed at ₹40.98 on Tuesday, September 24, 2024, down 1.2% from the previous session. The EASEMYTRIP Share Price opened at ₹41.48 and made an intraday high of ₹41.48 and a low of ₹40.88. The 52-week high is ₹54.00 and the 52-week low is ₹37.00. According to analysts, EASEMYTRIP’s share price forecast for Thursday, September 26, 2024, shows a potential upside, with targets at ₹41.23, ₹41.35, and ₹41.71. On the downside, support levels are seen at ₹40.63, ₹40.75, and ₹40.51.
Main Points
From a technical standpoint, EASEMYTRIP is currently trading in the lower range of its yearly and quarterly prices. The stock has faced resistance at the ₹41.11 level, and if it trades below this mark, the downside targets are more likely to be achieved. The stock’s 11-day Exponential Moving Average (EMA) is currently bullish, while the bearish moving average is not specified.
Easy Trip Planners Ltd has an operating revenue of ₹619.13 crore on a trailing 12-month basis, with an annual revenue growth of 31%. The company has a pre-tax margin of 24%, ROE of 17%, and a healthy debt-to-equity ratio of 1%.
The stock has an EPS Rank of 77, which is considered a fair score. However, it has a relatively poor Relative Strength (RS) Rating of 17, indicating underperformance compared to other stocks. The stock’s Buyer Demand is rated as B, and it belongs to the Leisure-Travel Booking industry group, which has a Group Rank of 166.
The stock’s performance is influenced by various factors, including:
- Market sentiment: The overall market sentiment towards the travel and tourism industry can impact EASEMYTRIP’s share price.
- Competitive landscape: The company’s ability to maintain its competitive edge in the online travel booking market can affect its share price.
- Financial performance: Strong financial results, such as revenue growth and profitability, can positively impact the share price.
- Regulatory changes: Changes in government regulations related to the travel industry can influence EASEMYTRIP’s share price.
- Investor sentiment: The perception of the company among investors can significantly impact the share price.
Based on the current technical and fundamental factors, EASEMYTRIP’s share price is expected to trade in a range on Thursday, September 26, 2024. If the stock manages to break above the ₹41.11 resistance level, it may target the upside levels of ₹41.23, ₹41.35, and ₹41.71. However, if the stock fails to sustain above ₹41.11, it may face selling pressure and test the downside support levels of ₹40.63, ₹40.75, and ₹40.51.
According to analysts, EASEMYTRIP’s price target for the next year is ₹41.00, with a maximum estimate of ₹41.00 and a minimum estimate of ₹41.00. Analysts believe that for the stock to make any further meaningful move, it needs to take out the 200-day moving average (DMA) level and stay above it. From an O’Neil Methodology perspective, the stock has a fair EPS Rank but needs to improve its earnings. The stock’s Relative Strength Rating is poor, indicating underperformance compared to other stocks.
