Easy Trip Planners Ltd., also known as EaseMyTrip, has been experiencing notable fluctuations in its share price. The current trading price stands at ₹34.81, reflecting a decrease of approximately 4.84% from the previous close of ₹36.58. This decline is part of a broader trend, as the stock has seen a drop of about 10.27% over the past month and approximately 12.43% over the last year.
Main Points
Current Performance Overview
- Current Price: ₹34.81
- Previous Close: ₹36.58
- Day Range: ₹34.50 – ₹37.00
- 52 Week Range: ₹32.78 – ₹54.00
- Market Capitalization: ₹6,168 crore
The share price has been under pressure recently, particularly after a significant block deal where promoters offloaded shares worth ₹176.5 crore on September 25, leading to a sharp decline in stock value. The stock’s performance is further illustrated by its technical indicators; it is currently trading below its 200-day moving average (DMA), which is a bearish signal.
Financial Highlights
- Operating Revenue (TTM): ₹609.08 crore
- Annual Revenue Growth: 31%
- Pre-tax Margin: 24%
- Return on Equity (ROE): 17%
- Debt to Equity Ratio: 1%
Despite these figures indicating a healthy operational framework, the stock’s technical strength appears mediocre, with an EPS rank of 77 and a relative strength rating (RS Rating) of only 17, suggesting underperformance compared to peers in the leisure-travel booking sector.
Looking ahead to tomorrow’s trading session, several factors may influence the share price:
Support and Resistance Levels
- First Support Level: ₹34.54
- Second Support Level: ₹33.45
- First Resistance Level: ₹36.34
- Second Resistance Level: ₹37.05
Given the current market sentiment and recent trading patterns, analysts suggest that if the stock can hold above the first support level of ₹34.54, it may have potential to rebound towards the resistance levels mentioned above. However, if it fails to maintain this support, further declines could be anticipated.
The overall market sentiment remains cautious due to recent sell-offs by promoters and declining institutional holdings. Investors are advised to monitor trading volumes closely; a significant increase in volume could indicate a potential reversal or continuation of trends.
Recent News Impacting Easy Trip Planners
- Promoter Stake Sale: On September 25, promoters sold shares worth ₹176.5 crore in a block deal, which significantly impacted stock prices.
- Electric Bus Initiative: EaseMyTrip announced plans to develop an electric bus prototype aimed at launching 2,000 EV buses within two years, which could enhance its market position in sustainable travel solutions.
- Quarterly Results Announcement: The company is expected to release its quarterly results soon, which could provide further insights into its financial health and operational performance.
Disclaimer: The information given in this article is from investment experts and brokerage companies, they do not represent Local Haryana. Before taking any investment related decision, you must consult a certified expert.
