The second largest travel agency in India has signed an MoU with the government of Andhra Pradesh

The second largest travel agency in India has signed an MoU with the government of Andhra Pradesh

by 5paisa Research Team Last Updated: Mar 06, 2023 - 11:42 am 759 Views
Listen icon

Shares of the company are trading in the green after this announcement by the company. 

About the MoU

Easy Trip Planners (EaseMyTrip) and the State Government of Andhra Pradesh (GoAP) inked a Memorandum of Understanding (MoU). Andhra Pradesh is a popular location, and it ranks as the third most popular tourist destination overall. Under this agreement, EaseMyTrip will carry out specific marketing campaigns for the state's tourist promotion that will utilise ATL/BTL/Digital channels across India.

EaseMyTrip wants to increase the number of foreign tourists travelling to the area through its promotions Via the single desk interface, GoAP will assist in obtaining the appropriate permissions, approvals, clearances, etc., from its relevant departments within the predetermined time frames. The three-year-long MoU will be regulated by Indian law, with any disputes relating to its provisions being resolved only by the courts in New Delhi.

Share price movement of Easy Trip Planners Limited 

Scrip opened today at Rs 50.11 and made its day high at Rs 50.83. The 52-week high of the stock is Rs 73.50, whereas the 52-week low was Rs 32.65. Promoters hold 74.90%, whereas institutional and non-institutional holdings are 5.13% and 19.97%, respectively. Presently, the market cap of the company is Rs 8,763 crore.

 Company profile 

Easy Trip Planners Limited provides a wide selection of travel-related goods and services for end-to-end travel arrangements, including airline tickets, lodging and vacation packages, rail and bus tickets, taxis, and ancillary value-added services like travel insurance and visa processing as well as tickets for activities and attractions. Customers who want to pay no convenience fees do not have to do so when there is no other available discount or promotion coupon. This choice is one that the firm has been offering to clients. It has made an effort in its pricing methodology to prevent hidden charges that would have raised the ultimate amount the consumer would have to pay.

Share Market Today


How do you rate this article?

or

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

378X91-D3

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Marinetrans India IPO lists 15.38% higher and hits upper circuit

Premium listing for Marinetrans India IPO, then upper circuit

Net Avenue Technologies IPO lists 133.33% up but later hits -5% circuit

Strong listing for Net Avenue Technologies IPO, then lower circuit

What you must know about India Shelter Finance IPO?

India Shelter Finance Corporation Ltd was incorporated in 1998 and offers small and mid-ticket home loans. These loans are typically in the size of ₹5 lakhs to ₹50 lakhs. It provides home loans for construction, purchase, extension and also for renovation.