Why Easy Trip Planners Share Price is Rising

Traveling is like a breath of fresh air, a chance to escape the mundane and explore new horizons. It's a journey that fuels the wanderlust within us.

But for many, planning a trip can be a daunting task. That's where travel agencies like Easy Trip Planners come into play.

India's travel industry has witnessed significant growth, fuelled by a rising middle class, increased disposable incomes, and a growing preference for leisure travel. Travel agencies have played a crucial role in facilitating travel experiences for countless individuals.

Easy Trip Planners is a prominent name in the Indian travel industry, offering a wide range of travel services, including flight and hotel bookings, holiday packages, and visa assistance. The company has established a reputation for its reliable services and customer-centric approach.

However, this time the company is in focus for reasons beyond travel. Easy Trip Planners' share price has surged by 7% in the past five days as the company made a bold move into a new sector.

Let's find out more about why Easy Trip's share price rallied recently.

Subsidiary's Foray into the EV Sector

Easy Trip Planners shares rallied after the company made headlines with its decision to enter the electric bus manufacturing sector.

This venture, spearheaded by its newly established subsidiary, Easy Green Mobility, signals a bold move beyond its traditional travel services.

Easy Green Mobility will take charge of manufacturing electric buses, while another subsidiary, YoloBus, will handle the operational aspects of this new venture.

The company is investing Rs 2 billion (bn) over the next 2-3 years to develop electric buses. This investment includes research and development, product development, and the establishment of a manufacturing plant with an initial capacity to produce 4,000 to 5,000 buses.

The Indian electric bus market is on a growth trajectory, expected to expand at a CAGR of 24% between 2024 and 2030. Easy Trip Planners aims to capitalise on this opportunity by positioning itself as a key player in the market.

The company's focus on sustainable mobility aligns with the broader global trend towards reducing carbon emissions and adopting cleaner energy sources.

YoloBus, the operational arm for Easy Green Mobility, is already well-established in the intercity bus travel sector, covering over 250 routes across India and serving more than 100,000 travelers. Easy Trip Planners' will operate over 2,000 electric buses across India by 2027-28 through YoloBus.

By localising production and creating a fully "Make-In-India" product, the company is positioning itself to benefit from government incentives and policies aimed at promoting electric vehicles.

The combination of strong market potential, innovative technology, and a commitment to sustainable mobility is driving the surge in Easy Trip Planners' share price.

What Next?

Easy Trip Planners is well-positioned for future growth, driven by a series of strategic initiatives and partnerships.

The company plans to continue expanding its non-air business, particularly in the hotel and holiday package segment. Their strong focus on Dubai and international markets is expected to fuel further growth, with Dubai operations.

The company's recent entry into the ONDC network showcases its commitment to supporting India's digital economy. This initiative could drive more bookings and boost overall revenues.

Additionally, their collaboration with Google Wallet enhances the customer experience by making travel bookings more convenient. This move is likely to attract more tech-savvy travelers, helping the company grow its user base.

EaseMyTrip's expansion into physical stores reflects its strategy to increase offline presence. With 16 stores already open and plans to add 100 more by the end of the financial year, this is expected to diversify their revenue streams and tap into a broader market.

The company's partnerships, include Rajasthan Royals, Adani Digital Labs, and SIDBI. These alliances increase visibility, attract new customers, and contribute to higher profitability.

Looking ahead, the company aims to expand both domestically and internationally. It's also open to organic and inorganic growth, which could involve mergers, acquisitions, or new business ventures.

How Easy Trip Planners Share Price has Performed Recently

In the past five days, Easy Trip Planners share price has rallied 6.8%. In the last month, it is up 8.6%.

In 2024, so far its share price is up 4% and it is up 7.1% in the last year.

The stock touched its 52-week high of Rs 54 on 8 February 2024 and a 52-week low of Rs 37 on 26 October 2023.

About Easy Trip Planners

EaseMyTrip, listed under the name Easy Trip Planner is a leading travel agency in India.

It is engaged in the business of providing reservation and booking services related to travel and tourism.

Its segments include air passage, hotel packages and other services. Its Air Passage section includes call centers, an internet and mobile-based platform.

For more details about the company, you can have a look at, Easy Trip Planners company fact sheet and quarterly results.

You can also compare Easy Trip Planners with its peers.

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