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EasyMyTrip.com Share : The stock of Easy Trip Planners, which runs a travel portal named EasyMyTrip.com, continues to decline. In Monday’s trading session also, there was a huge sell-off in the stock of Easy Trip Planners and its stock is in Lower Circuit. On Friday too, the stock closed with a fall on the lower circuit at a price of Rs 500. On Monday, the stock of Easy Trip Planners opened at Rs 510 in the morning, but investors started selling again and it is trading at Rs 475.35 per share with a fall of 5 per cent.
Let us tell you that in March this year, the IPO (Initial Public Offering) of Easy Trip Planners came. The company’s IPO came at a price of Rs 186-187 per share. The company’s IPO was heavily subscribed. The company’s IPO was oversubscribed 160 times but the company’s listing on the stock exchange was not very good. But after the month of May, the trend of bullish trend in the shares of the company started. Investors started buying and on seeing the company’s share price jumped up to 350 percent. Easy Trip Planners touched a Lifetime High of Rs 717. But since then the company’s stock has started a sell-off phase and the share of Easy Trip Planners has come down by 34 percent from its highest level.
It was believed that if more and more people travel by air after the corona cases decrease, then the company’s stock will rise. The government has also given permission for 100 percent domestic air service. Select countries have also allowed air travel from India. It is the season of festivals in which more people travel by air, the season of plains is also coming, it is considered suitable for all travel portals, despite this there is a steady decline in the share of Easy Trip Planners.
Experts believe that the share price of Easy Trip Planners may continue to decline till the company’s quarterly results are out. On October 28, Easy Trip Planners will announce its results for the second quarter of July-September.
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