Easy Trip Planners is currently trading at Rs. 43.00, up by 4.14 points or 10.65% from its previous closing of Rs. 38.86 on the BSE.
The scrip opened at Rs. 38.90 and has touched a high and low of Rs. 44.30 and Rs. 38.83 respectively. So far 3503077 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 54.00 on 08-Feb-2024 and a 52 week low of Rs. 37.01 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 44.30 and Rs. 38.60 respectively. The current market cap of the company is Rs. 7619.77 crore.
The promoters holding in the company stood at 64.30%, while Institutions and Non-Institutions held 5.16% and 30.54% respectively.
EaseMyTrip is venturing into the electric bus manufacturing market through its new subsidiary, Easy Green Mobility. Easy Green Mobility will manufacture EV buses, with YoloBus (another subsidiary of EaseMyTrip) serving as its operating arm. This initiative marks a significant milestone in the brand’s commitment of tapping a new segment offering eco-friendly and innovative travel solutions, navigating its journey toward sustainable mobility. The company is investing Rs 200 crore for extensive R&D, Product Development, and setting up Manufacturing Plant over the span of 2-3 years.
The establishment of Easy Green Mobility aligns with EaseMyTrip’s vision to capture a significant share of the evolving market and capitalise on the growing demand for electric vehicles (EVs) in India. It stands as a testament to the brand’s committed approach to driving the sector’s growth and offering best & innovative technology solutions.
EaseMyTrip, through its subsidiary Easy Green Mobility will be operating via YoloBus; YoloBus aims to redefine intercity bus travel for Indian passengers through unparalleled services. With a network covering over 250 routes across India and having served over 1,00,000 travelers. Additionally, through YOLO Bus; EaseMyTrip will accelerate nationwide transition to net zero carbon mobility in Buses. By 2027-28 target is to operate 2000 plus electric buses across country.
The Board of Directors of the company in the meeting held on September 05, 2024 has approved the incorporation of Easy Green Mobility.
Easy Trip Planners (EaseMyTrip) is the second largest online travel agency in India in terms of gross revenue.
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