Buy Easy Trip Planners; target of Rs 335: ICICI Direct

ICICI Direct is bullish on Easy Trip Planners recommended buy rating on the stock with a target price of Rs 335 in its research report dated February 28, 2022.

Broker Research

February 28, 2022 / 02:20 PM IST

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ICICI Direct's research report on Easy Trip Planners

Easy Trip Planners or EaseMyTrip.com (EMT) is the fastest growing and only profitable company in the online travel portal in India. The company offers a comprehensive range of travel-related products and services for end-to-end travel solutions, including airline tickets, hotels and holiday packages, rail tickets and bus tickets. Airline tickets accounted for 94.0% of revenues (pre-Covid levels) while hotels and other services contributed 5.4% and 0.6% of revenues, respectively.

Outlook

Consequently, Easy Trip Planners share price, as per previous closing price, has adjusted to Rs 274/share from Rs 549/share. Accordingly, our target price stands revised to Rs 335/share. We maintain our BUY recommendation on the stock .