# Easemytrip Share Plunge 20%, Reaching Record Low in Heavy Trading

URL: https://technosports.co.in/easemytrip-share-plunge-20-reaching/  
Published: 2024-09-25  
Updated: 2024-09-25  
Author: Reetam Bodhak

**Easemytrip Share Updates**

Shares of **[Easy Trip Planners Ltd](https://www.easemytrip.com/)** nosedived by 20% on Wednesday, hitting their record low of **Rs 32.83**, as they reached the lower circuit limit. The stock saw heavy trading activity on the **BSE**, with around **5.66 crore shares** changing hands, significantly higher than the two-week average volume of **9.87 lakh shares**. The turnover on the counter stood at **Rs 203.43 crore**, and the company’s market capitalization dropped to **Rs 6,202.14 crore**.

The sharp decline in Easy Trip Planners’ stock price followed reports that **promoter Nishant Pitti** is expected to sell **15 crore shares** in a block deal, representing **8.50%** of the company’s total share capital. The floor price for the block deal was reportedly set at **Rs 38**, with the overall transaction valued at **Rs 580 crore**.

![Easemytrip Share](https://images.technosports.co.in/2024/09/eas1.jpg)

### **Easemytrip Share** **Technical Analysis**

On the technical front, the stock appears weak. Analysts suggest that **support** could be seen at **Rs 32**, with further potential downside toward **Rs 30** and **Rs 28**.

According to **Osho Krishan**, Senior Research Analyst at **Angel One**, “EaseMyTrip shares have experienced a breakdown from the crucial support zone of **Rs 39-38**, driven by high trading volumes. The stock looks weak on daily charts, and the **Rs 32-30** range will be vital for cushioning the fall. If the stock manages to sustain above the **Rs 42-43** range, fresh traction may occur.”

**AR Ramachandran**, a SEBI-registered research analyst, also weighed in, stating, “Easy Trip Planners is currently bearish but oversold, with next support at **Rs 30.25** on the daily charts. Investors should consider buying only if the stock closes above **Rs 38.6**.”

**Ravi Singh**, Senior VP at **Religare Broking**, echoed similar concerns, suggesting the stock may slide further toward **Rs 28**, with resistance holding firm at **Rs 38**.

![](https://images.technosports.co.in/2024/09/eaaq-1024x576.jpg)

### **Technical Indicators**

The stock is trading below its **5-day, 10-, 20-, 30-, 50-, 100-, 150-, and 200-day simple moving averages (SMAs)**, signaling continued weakness. The **14-day Relative Strength Index (RSI)** stands at **29.12**, indicating the stock is in an **oversold** territory (an RSI below 30).

### **Fundamentals**

As per BSE data, Easy Trip Planners has a **price-to-equity (P/E) ratio** of **57.11** and a **price-to-book (P/B) value** of **11.40**. The company’s **earnings per share (EPS)** is **0.72**, with a **return on equity (RoE)** of **19.96%**.

### **About Easy Trip Planners**

Founded by brothers Nishant, Rikant, and Prashant Pitti, **Easy Trip Planners** is a leading **online travel agency (OTA)** specializing in airline ticketing, hotels, and holiday packages. The company operates through **B2C, B2E, and B2B2C** channels and has partnerships with traditional travel agents in Tier II and III cities.

As of **June 2024**, Nishant Pitti held **28.13%** of the company’s shares, while Rikant held **25.88%** and Prashant owned **10.29%**. Together, the promoter group controls **64.30%** of Easy Trip Planners.

**Disclaimer**: The information provided here is for educational purposes only and should not be considered investment advice. Always consult a financial advisor before making investment decisions.

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## **FAQs**

### **What’s the share price of Easemytrip ?**

Rs. 34.32/share