05-02-2022 02:14 PM | Source: Accord Fintech
EaseMyTrip gains on aiming to launch currency exchange service
News By Tags | #6787 #572 #1123

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Easy Trip Planners is currently trading at Rs. 412.00, up by 2.30 points or 0.56% from its previous closing of Rs. 409.70 on the BSE.

The scrip opened at Rs. 407.00 and has touched a high and low of Rs. 417.00 and Rs. 399.05 respectively. So far 75059 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 444.30 on 11-Apr-2022 and a 52 week low of Rs. 91.45 on 04-May-2021.

Last one week high and low of the scrip stood at Rs. 420.00 and Rs. 392.90 respectively. The current market cap of the company is Rs. 8939.31 crore.

The promoters holding in the company stood at 74.90%, while Institutions and Non-Institutions held 3.89% and 21.21% respectively.

EaseMyTrip is expanding its offerings and now aims to launch a currency exchange service. It will enable customers to easily convert their currencies to local tenders. Acquiring this license will enable EaseMyTrip to offer to extend its portfolio and offer one of the core services needed for international travel, furthering its mission of developing the company into a complete travel ecosystem.

Through the introduction of this service, EaseMyTrip will be able to provide its more than 11 million customers and nearly 60000 travel agents with a much-needed service of currency exchange. Furthermore, foreign currency numbers are huge as the demand for international travel continues to grow exponentially. Through this service, customers who want to exchange Indian currency for an international banknote will be able to do so at ease. Similarly, international travellers coming to India for their travels can also avail of this service and get their international currency exchanged into Indian currency.

Easy Trip Planners (EaseMyTrip) is the second largest online travel agency in India in terms of gross revenue.