Buy Easy Trip Planners, target price Rs 550: Anand Rathi

Anand Rathi has buy call on Easy Trip Planners with a target price of Rs 550. The current market price of Easy Trip Planners Ltd. is Rs 462.35. Time period given by analyst is one year when Easy Trip Planners Ltd. price can reach defined target.

Easy Trip Planners Ltd., incorporated in the year 2008, is a Small Cap company (having a market cap of Rs 4920.53 Crore) operating in Services sector.

Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 34.75 Crore, down -49.85 % from last quarter Total Income of Rs 69.29 Crore and unchanged .00 % from last year same quarter Total Income of Rs Crore. Company reported net profit after tax of Rs 15.42 Crore in latest quarter.


Investment Rationale
The brokerage continues to remain positive on the company due to company’s strong presence in the growing online ticketing market in India, lean business model, strong management, stronger balance sheet along with profitable growth outlook. It maintains BUY rating on the stock with a revised target price of Rs 550 per share.