Easy Trip Planner Shares Rocket Up More Than 16%: Know These 2 Key Reasons Behind The Rally

The Easy Trip Planner shares rocketed up more than 16 per cent on BSE (Bombay Stock Exchange), after shares traded ex-bonus in today's trading sessions along with launch of the EMT desk, a comprehensive corporate travel platform.

The Easy Trip Planner shares went on to touch the day high level of Rs 19.00 per share on the BSE (Bombay Stock Exchange), after hitting the opening bell at Rs 17.04 per share on the Indian Bourses.

The Easy Trip Planners shares were trading at Rs 18.15 per share on the bourses with a surge of 11.15 per cent amounting to a Rs 1.82 per share on the BSE (Bombay Stock Exchanges).

Launch of EMT desk

EaseMyTrip, a homegrown leading online travel tech platform, unveiled EMT Desk, an all-in-one platform tailored to transform corporate travel. Designed to meet the needs of modern businesses, EMT Desk combines strategic oversight, employee-friendly benefits, and real-time travel management under one intuitive system, according to the exchange filing of the company.

Stock traded ex-bonus today

For investors, the stock may be showing a 45–50 per cent decline in their demat accounts today. The stock has traded ex-date for bonus shares in a 1:1 ratio, which explains this. It indicates that for every share of the company that the eligible investors held on the record date, they would receive one bonus share.

The record date for bonus share issuance was originally set for November 20. However, because of the Maharashtra Assembly Elections, the stock market holiday caused the date to be moved to Friday, November 29. The proposal to issue bonus shares was approved by shareholders on November 15, 2024.

Previous bonus issues of the company

By offering stock splits and bonus issues, Easy Trip Planners has been continuously rewarding investors. A 1:1 bonus issue was announced by the company in February 2021, and a 3:1 bonus issue and 1:1 stock split were announced in November 2022. This is the third bonus issue the company has had in less than four years.