easy trip shares rise 14 percent after bonus issue announcement

Easy Trip Planners saw a significant increase in its stock price after announcing a bonus share issuance. The company changed the record date for the bonus shares to November 29, allowing eligible shareholders to receive an additional share for each share owned.

Despite a decline in stock price for the year, Easy Trip shares were trading higher at Rs 18.4, up 12.7% in early trading. The bonus share issuance is expected to improve liquidity and attract investor interest in the short term.

Easy Trip reported a 45.2% decline in net profit for the quarter ending September, with a total of Rs 25.8 crore, compared to Rs 47 crore in the same period last year. The company's performance is being closely monitored as it faces challenges and tries to take advantage of the recent increase in share price.

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