Easemytrip Share Price: EaseMyTrip shares surge 15% as stock trades ex-bonus today

Shares of EaseMyTrip-operator Easy Trip Planners jumped 15% on Friday to Rs 18.76 on BSE, as the stock began trading on ex-bonus basis today.

The company had announced a bonus share issue in the ratio of 1:1, fixing November 29 as the record date for determining shareholder eligibility. The company would reward 1 free share on the existing 1 share.

This would be the third instance of the company issuing bonus shares to its shareholders. Prior to this, bonus shares were allotted in the ratio of 1:1 in February 2022 and then later in the ratio of 3:1 in November 2022, according to data available on Trendlyne.

A 1:1 bonus issue means that a company will issue one additional share for every share that an investor already owns. However, the total value of the shareholder’s investment remains the same, as the stock price is typically adjusted proportionally to account for the increased number of shares in circulation.

The company posted a 45.17% drop in its consolidated net profit at Rs 25.87 crore in its Q2 FY25 results. The revenue from operations grew 2.1% year-over-year to Rs 144.67 crore in the second quarter of FY25.

Promoters of Easy Trip Planners currently hold 64.30% stake in the company at the end of the June quarter.Also read | SBI, Tata Motors among Motilal Oswal’s top winners & losers post a dull Q2 earnings season

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