Multibagger stock to consider bonus shares, stock split next week. details inside

“Please be informed that a meeting of the Board of Directors of the Company is scheduled to be held on Monday, the 10th October, 2022 through video conferencing at 10:00 a.m. to consider the proposal for increase in the authorized share capital. bonus share and/or sub-division/split of shares,” Easy Trip reported in an exchange filing earlier this week.

Shares of Easy Trip Planners are up about 51% so far in 2022 (year-to-date or YTD) and the stock has delivered multibagger returns Over 290% since its listing in March 2021.

A stock split increases the number of shares outstanding by issuing more shares to existing shareholders. A stock split reduces the market value of individual shares, however, the market capitalization of the company does not change. Meanwhile, bonus shares are fully paid-up additional shares issued by a company to its existing shareholders.

Online travel service provider Easy Trip Planners Ltd reports more than two times growth in consolidated net profit Pandemic-induced restrictions on accelerated travel activities eased at Rs 33 crore for the first quarter ended June 2022 15 crore in the year-ago period.

Consolidated revenue from operations during the quarter under review was 87 crore as against Last year 31 crore airways segment earned revenue of 79 crore, from above 31 crore yo. Hotel Package Vertical Registered Revenue 7 crores spent in Q1 FY23 27 lakh a year ago.

The company had said that it is focusing on expanding its non-air vertical this fiscal, as well as in the air ticketing segment and hotel and holiday segment in the coming quarters.