Buy Easy Trip Planners, target price Rs 450: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Easy Trip Planners Ltd. with a target price of Rs 450. The current market price of Easy Trip Planners Ltd. is Rs 390.35. Easy Trip Planners Ltd., incorporated in the year 2008, is a Small Cap company (having a market cap of Rs 8491.69 Crore) operating in Services sector.

Easy Trip Planners Ltd. key Products/Revenue Segments include Other Services and Other Operating Revenue for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 91.46 Crore, up 39.76 % from last quarter Total Income of Rs 65.44 Crore and up 163.19 % from last year same quarter Total Income of Rs 34.75 Crore. Company reported net profit after tax of Rs 33.13 Crore in latest quarter.

Investment Rationale
The stock has been consolidating near the 350 levels and has made a positive bullish reversal pattern in the daily chart with decent volume activity and the RSI indicator also has given a trend reversal to indicate positive bias. The trendline plotted connecting the recent bottoms show that the stock is in a rising trend and signifies strength. We recommend a buy in this stock for an upside target of 450 keeping a stop loss of 375

Promoter/FII Holdings
Promoters held 74.9 per cent stake in the company as of 30-Jun-2022, while FIIs owned 4.21 per cent, DIIs 1.54 per cent.