Shares of Easy Trip Planners surged nearly 14% in early trade on November 29, following the stock’s transition to ex-bonus status. The rally comes after the company revised its record date for the bonus issue to November 29, as per its recent exchange filing.
As of 10:46 AM, Easy Trip shares were trading 12.12% higher at ₹18.31 on NSE.
Key Details:
- Bonus Issue Ratio: 1:1 (1 bonus share for every 1 share held)
- Ex-Bonus Date: November 29, 2024
- Record Date: November 29, 2024
Impact of Bonus Announcement:
The bonus issue was approved by Easy Trip’s board of directors on October 14, 2024, as part of its strategy to enhance stock liquidity and attract investor interest. Investors who purchased the shares before the ex-bonus date will be eligible to receive one bonus share for each share they hold.
Market Sentiment:
The strong surge in share price reflects positive investor sentiment, driven by expectations of increased liquidity and interest in the stock.
