Easy Trip Planners launches referral scheme for shareholders; stock jumps 19.5%

EaseMyTrip announced the introduction of EMTFAMILY - an invite-only special programme for its elite shareholders. “In this programme, EaseMyTrip’s shareholders will be enrolled into a 'Refer Now & Earn Forever’ programme."

Easy Trip Planners is the second largest online travel aggregator in India with a 9 per cent market share: Pixabay

Easy Trip Planners' share price zoomed 19.5 per cent to touch the day’s high of Rs 54.5 per share on the BSE on Monday. The prices shot up on news of this online travel aggregator launching referral scheme for the shareholders, which could give huge discounts on travel and hotel booking.

EaseMyTrip announced the introduction of EMTFAMILY - an invite-only special programme for its elite shareholders. “In this programme, EaseMyTrip’s shareholders will be enrolled into a 'Refer Now & Earn Forever’ programme”, the company said in a statement.

According to the online travel tech company, “Referrer will get exciting cash-backs on flights, hotels, holidays, buses and train bookings for a period of one year by referring a new user to book from EaseMyTrip website or mobile application.”

TRENDING NOW

The company gives an exciting opportunity of EMTFAMILY to shareholders that offers great discounts, referral scheme and various offers. “Shareholders can use the Coupon Code: EMTFAMILY and mention their Pan Card Number to avail exclusive benefits,” Easy Trip Planners noted.

Easy Trip Planners Stock Split and Bonus Issue

Earlier in November 2022, Easy Trip Planners had announced stock split and bonus issue, the record date of the same was set on November 22, 2022. The stock on online travel platform had jumped 20 per cent after the shares turned ex-date for 3:1 bonus issue, and 1:1 stock split on November 21.

Easy Trip Planners Share Price History

Since the corporate action of stock split and bonus shares, Easy Trip Planners shares have been volatile, the stock has corrected nearly 20 per cent in the last one month against a 3 per cent fall in the S&P BSE Sensex during the same period.

Similarly, it has reported negative returns of over 3 per cent in the last five days as compared to nearly 1 per cent decline in the BSE Sensex.

Easy Trip Planners Fundamentals

The company has an employee strength is around 500 and the majority of them are based in Delhi and Noida. It has a presence in Dubai, Thailand and New Zealand and is mulling to expand globally.

The online travel tech company recently acquired 75 per cent stake in Nutana Aviation, which is in the business of renting and booking of charter aircrafts.

Easy Trip Planners is the second largest online travel aggregator in India with a 9 per cent market share. The company has been profitable since its inception driven by a low-cost operating structure and its cash on books is around Rs 2.5 billion with zero debt as it generates cash on a regular basis.