by David Smith September 25, 2024, 10:42 am inFinance News, Stock & Share Market

Easemytrip Share Price – Has It Dropped To An All Time Low?

If you keep an eye on the Indian stock market then you must be curious to know the position of EaseMyTrip share. This post discusses the current position of EaseMyTrip share and lots more.

Easemytrip Share Price – Know the Latest Details

There is a lot of buzz around EaseMyTrip share price right now. The reason is that the share has witnessed a fall of 20 percent. All this was encountered on 24 September.

Nishant Pitti (the promoter of the company) is selling his 8.5% stake in EaseMyTrip. This will happen through block deals. Furthermore, the predictable value of the contract is around 622 crore rupees

It is interpreted that an equity valuation of 948.2 crore changed hands after the block deal. The current value of EaseMyTrip share is close to 35 rupees.

Easemytrip’s Business Operations

EaseMyTrip is an Indian MNC headquartered in New Delhi. It is primarily an online travel venture. In 2008, this enterprise was established by Prashant, Rikant, & Nishant Pitti.

EaseMyTrip deals in a lot of travel-related categories. It facilitates domestic and international holiday bookings. It also helps in getting air tickets, hotel bookings, bus bookings, train tickets, etc.

This company has spread its offices as a part of the expansion plan. Now this enterprise also works in nations like UAE, Thailand, Singapore, etc.

The shares of Easemytrip are listed on both NSE and BSE. The present revenue of this undertaking goes above 590 crore rupees. Its operating income is 228 crore and net income is around 157 crore.

Easemytrip Share Final Summary

Easemytrip share price is surely a hot topic right now. The plunge is around 20 percent. The reason for this plunge is that the promoter of the company is going to sell his shares in a block deal. If we look at the most recent price of easemytrip share then it is around 35 rupees. Investors are keeping a very close eye on all the moves of this business enterprise. The share price may witness even more fluctuations in the coming week. For accessing more stuff on finance make sure to check out Financereview.Org.