In the absence of a multiple re-rating, an annual stock return of Easy Trip Planners, mimicking the earnings growth, is likely. Should there be a further positive surprise on the back of non-airline revenue or more aggressive M&A, investors could be in for a joy ride
Easy Trip Planners
PRO Only Highlights
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
The second quarter of the current fiscal was strong for the travel sector, and the same was reflected in the exceptional performance of Easy Trip Planners (CMP: Rs 555, Market Cap: Rs 6033 crore), the second largest Online Travel Agent (OTA) in the country. The airline ticketing business was strong and the non-airline business, which is minuscule at this stage, too, showed a healthy traction. With every passing month, the company is seeing an improving operating environment, and is…
