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HomeSHARE MARKET₹48 Share Signed A Deal To Build Massive 150 Rooms Hotel; Know...

₹48 Share Signed A Deal To Build Massive 150 Rooms Hotel; Know The Target Price

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Online travel booking platform Easy Trip Planners Ltd (NSE: EASEMYTRIP) has signed a deal with Jeevani Group to build a hotel in Ayodhya.

This deal has been done with the Radisson Hotel Group. This hotel, named Radisson Blu, will have 150 rooms and is expected to become operational in the year 2027.

What Did The Company Say?

EaseMyTrip said that the hotel is planned to be built within two kilometers of Shri Ram Janmabhoomi temple.

Nishant Pitti, chief executive officer and co-founder of EaseMyTrip and an investor in the Jeevani Group, said the deal will help enhance hospitality services in the city and provide a better experience to travelers. 

Let us tell you that after the consecration of Ram temple in Ayodhya on January 22, religious tourism is expected to get a boost here.

Share Status

Meanwhile, on Tuesday, there was a slight rise in the shares of EaseMyTrip and the share price was at Rs 49.88.

During trading the share price reached Rs 50.91. The price of this share has gone up to Rs 54. Today on Wednesday there has seen a slight correction and reached at Rs 49.20.

The share price was at this level on February 8. The 52-week high is shown. The share price has increased by up to 5 percent in a week.

Radisson Group Expanding In India

Radisson Hotel Group is expanding in India by adding 21 properties in 2023 under nine brands. 

The group’s 21 hotels include its first property in Ayodhya (Uttar Pradesh), Park Inn By Radisson Ayodhya. 

The Group will launch branded hotels in Vrindavan, Ujjain, Madhya Uttar Pradesh, and  Uttar Pradesh. 

Radisson Hotel Group, one of India’s largest hotel groups with over 165 properties in operation or under development, is India’s leading international hotel operator.

About Easy Trip Planners Ltd

Easy Trip Planners Pvt Ltd was established in 2008. It offers reservations and booking services relating to tourism and travel via Ease My Trip Portal, Ease My Trip App, or through an in-house call center. 

It offers cheap flights hotels, bus tickets, hotel reservations as well as holiday packages. Customers are offered the option of no convenience cost. 

Its headquarters are located in Delhi, India.

Fundamental Analysis of Easy Trip Planners Ltd

Market Cap₹ 8,740 Cr.
Current Price₹ 49.20
52-wk High₹ 54.0
52-wk Low₹ 37.0
Stock P/E52.5
Book Value₹ 3.46
Dividend0.20%
ROCE54.6 %
ROE46.9 %
Face Value₹ 1.00
P/B Value14.2
OPM46.2 %
EPS₹ 0.95
Debt₹ 116 Cr.
Debt to Equity0.19

Easy Trip Planners Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 65₹ 100
2025₹ 120₹ 162
2026₹ 175₹ 260
2027₹ 290₹ 324
2028₹ 380₹ 460
2029₹ 500₹ 590
2030₹ 600₹ 640
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Easy Trip Planners Ltd Shareholding Pattern

Promoters Holding
Dec 202274.90%
Mar 202374.90%
June 202371.30%
Sept 202365.54%
Dec 202364.30%
FII Holding
Dec 20222.31%
Mar 20232.06%
June 20232.54%
Sept 20232.30%
Dec 20232.18%
DII Holding
Dec 20222.82%
Mar 20232.98%
June 20232.50%
Sept 20232.42%
Dec 20232.35%
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Public Holding
Dec 202219.97%
Mar 202320.06%
June 202323.66%
Sept 202329.74%
Dec 202331.16%

Easy Trip Planners Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 101 Cr
2020₹ 141 Cr
2021₹ 138 Cr
2022₹ 233 Cr
2023₹ 463 Cr

Last 5 Years’ Net Profit:

2019₹ 24 Cr
2020₹ 35 Cr
2021₹ 62 Cr
2022₹ 107 Cr
2023₹ 167 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190
20200
20210
20220.17
20230.17

Last 10 Years’ Profit Growth:

10 Years:52%
5 Years:103%
3 Years:64%
Current Year:25%

Last 10 years’ Return on Equity (ROE):

10 Years:45%
5 Years:47%
3 Years:49%
Last Year:47%

Sales Growth Over 10 Years:

10 Years:-3%
5 Years:34%
3 Years:45%
Current Year:23%

Conclusion

This article is a complete guide about Easy Trip Planners Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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