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EaseMyTrip (Easy Trip) went public, and it's making waves in the stock market. But, is it a good time to invest in this stock? Let's find out in this web story.
Easy Trip Planners is India's second-largest online travel portal, and it's the only one that has consistently maintained profitability. Over the years, it has shown impressive growth in both sales and profits.
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As of October 19, 2023, the stock is priced at Rs. 41.1, boasting a market capitalization of Rs. 7,148 Crore, and a PE Ratio of 51.3.
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Easy Trip has good ROCE (54.6%) and ROE (46.9%). FIIs hold 2.54% stake and DIIs hold 2.50% stake in the company.
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Company has reported impressive sales and profit growth in last few years. For the last 3 years, its compounded sales growth rate is 45% and profit growth rate is 64%.
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Different brokerage firms cover this stock and provide their target price. As per sharekingz.com’s analysis, Easy Trip stock could reach Rs. 54 by the end of 2023.
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Easy Trip Planners has strong fundamentals, but conduct careful analysis and align with a robust risk management strategy before investing.
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Any information, provided in this web story, is for educational purpose only. It is not a share buying or selling recommendation.
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