{"id":4722,"date":"2021-09-27T18:14:45","date_gmt":"2021-09-27T12:44:45","guid":{"rendered":"https:\/\/www.tickertape.in\/blog\/?p=4722"},"modified":"2021-09-27T20:47:43","modified_gmt":"2021-09-27T15:17:43","slug":"easy-trip-planners-gained-200-in-6-mth","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/easy-trip-planners-gained-200-in-6-mth\/","title":{"rendered":"Easy Trip Planners Gained ~200% in 6 mth, Could Go Up to Rs. 1,000!"},"content":{"rendered":"\n

Easy Trip Planners<\/a>, an online travel<\/a> agency that went public in March this year with a Rs. 510 cr IPO<\/a> saw an impressive subscription of 159 times. However, it had a muted listing given weak market conditions.<\/p>\n\n\n\n

Nonetheless, the company is one of the very few profitable entities in the industry. Since its listing on 19 March 2021, the stock has rallied around 200% to Rs. 600. This makes the issue the third-largest gainer among all the IPOs<\/a> listed in 2021 so far.<\/p>\n\n\n\n

Pleasantly, Easy Trip Planners has also outperformed Nifty50<\/a> and Nifty Midcap 100<\/a> indices, which zoomed 19.5% and 26.5%, respectively, in the last 6 mth.<\/p>\n\n\n\n

Strong financial performance, operational efficiency, easing of travel restrictions, vaccination drives, and expansion of international presence are a few reasons key to the rally.<\/p>\n\n\n\n

Easy Trip Planners has incorporated wholly-owned subsidiaries in Thailand, the Philippines, and the US. And much like others belonging to specific sectors, Easy Trip Planners expects to benefit from a massive pent-up demand for travel globally.<\/p>\n\n\n\n

Analysts also believe that cost rationalisation, increasing disposable incomes of travellers, and enhanced penetration of travel into lower-tier towns would be the drivers of growth for the travel company.<\/p>\n\n\n\n

Easy Trip Planners has declared about 85% growth in FY 2021 profit. And this is despite lower bookings due to the pandemic. A reduction in operational expenses was also instrumental.<\/p>\n\n\n\n

More recently, in Q1 FY 2022, the travel company recorded a ~518% hike in the profit at Rs. 15.4 cr despite the second wave. During the quarter under review, their revenue surged 425.6% y-o-y to Rs. 18.7 cr.<\/p>\n\n\n\n

Considering the stellar rate at which the stock has rallied so far and also its P\/E multiple<\/a> of 115.16 times, Easy Trip Planners looks expensive in the short- to medium-term. However, with the revival of the travel industry, the stock price is expected to climb even higher.<\/p>\n\n\n\n

The price is pegged to reach up to Rs. 820-880 in the short term and Rs. 1,000 in the next 6 to 8 mth, i.e. medium term. Garg of CapitalVia Global Research has an overall positive outlook on the stock given the company\u2019s 65.5% return on capital employed (ROCE<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"

Easy Trip Planners had a muted listing given weak market conditions but has rallied ~200% in just 6 mth of listing. Analysts expect a further rally in 6-8 mth<\/p>\n","protected":false},"author":27,"featured_media":4731,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[10,1744],"tags":[803,208],"acf":[],"modified_by":"Aradhana Gotur","jetpack_featured_media_url":"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2021\/09\/09.png?wsr","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/4722"}],"collection":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/comments?post=4722"}],"version-history":[{"count":5,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/4722\/revisions"}],"predecessor-version":[{"id":4757,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/4722\/revisions\/4757"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media\/4731"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media?parent=4722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/categories?post=4722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/tags?post=4722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}