Easy Trip Planners gains on inking MoU with State Government of Andhra Pradesh
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Easy Trip Planners is currently trading at Rs. 50.53, up by 0.63 points or 1.26% from its previous closing of Rs. 49.90 on the BSE.
The scrip opened at Rs. 50.11 and has touched a high and low of Rs. 50.83 and Rs. 50.11 respectively. So far 91885 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 73.50 on 24-Nov-2022 and a 52 week low of Rs. 32.65 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 52.15 and Rs. 45.85 respectively. The current market cap of the company is Rs. 8674.22 crore.
The promoters holding in the company stood at 74.90%, while Institutions and Non-Institutions held 5.13% and 19.97% respectively.
Easy Trip Planners (EaseMyTrip) has signed an agreement through a Memorandum of Understanding (MoU) with the State Government of Andhra Pradesh (GoAP) on March 3, 2023. Andhra Pradesh is a sought-after place and the destination is amongst the third highest in terms of number of visits by tourists. Under this agreement, EaseMyTrip will undertake certain marketing initiatives for the promotion of tourism in the state that will range across ATL/BTL/Digital mediums pan-India.
EaseMyTrip through the promotions aims at expanding the inbound international tourism to the destination. GoAP will facilitate in getting necessary Permissions/ Approvals/ Clearances etc., from its relevant departments through the single desk portal within the set timelines. The MoU has a duration of three years and shall be governed by Indian laws with any disagreements related to the MoU's terms being settled exclusively by the courts in New Delhi.
Easy Trip Planners (EaseMyTrip) is the second largest online travel agency in India in terms of gross revenue.
