Stock To Buy: Anand Rathi Sees This Multibagger Travel Stock Soaring, Target Price Rs 68

Anand Rathi is bullish on leading Services sector stock, Easy Trip Planners Ltd as holiday season is approaching fast. The analyst has recommended investors to buy Easy Trip Planners Ltd with a target price of Rs 68 apiece to receive a return of 21% in near term. The company has a market capitalisation of Rs 9804 crore. Check key takeaways below:

1. Easy Trip Planners Ltd Stock Performance

The last trading price of the stock is Rs 56 apiece with an intraday day surge of 1.35%. The stock's 52-week high is quoted at Rs 73 apiece and 52-week low is Rs 30 apiece, respectively.

2. Easy Trip Planners Ltd Return

The stock has soared 59% in last 1-year, 9% in last 3-months, and 18% in last 1-month. The stock has given 332% return in last 5-years. The company for the quarter ended September 30, 2022 declared a consolidated total income of Rs 112 crore, up 22% from last quarter total income of Rs 91 crore.

3. Easy Trip Planners Ltd About

EaseMyTrip commenced its operations in 2008 by focusing on the B2B2C (business to business to customer) distribution channel and providing travel agents access to its website to book domestic travel airline tickets in order to cater to the offline travel market in India.

Subsequently, by leveraging its B2B2C channel, the company commenced operations in the B2C (business to customer) distribution channel in 2011by primarily focusing on the growing Indian middle-class population's travel requirements, according to its official website.

Disclaimer

The stock has been picked from the brokerage report of Anand Rathi. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.