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On November 29, the Nifty and Sensex rebounded strongly, with the Sensex rising 759 points to 79,803 and the Nifty gaining 217 points to 24,131, driven by gains in pharma, infrastructure, energy, and auto stocks. Zee Entertainment shares surged 5% after shareholders rejected CEO Punit Goenka's reappointment, while Divi's Laboratories rose 4% following a bullish report from Citi. Adani Group stocks jumped up to 20% after being included in the NSE's F&O segment, and Easy Trip Planners saw a 10% increase after announcing a 1:1 bonus share issue. Conversely, CreditAccess Grameen fell 8.5% after a downgrade from Goldman Sachs, which revised its target price significantly lower.
Shares of Easy Trip Planners surged nearly 14% on November 29 after the stock turned ex-bonus, with a revised record date for bonus shares set for the same day. Despite this uptick, the company reported a 45.2% year-on-year decline in net profit for the September quarter, totaling Rs 25.8 crore. The board had approved a 1:1 bonus share issue, aimed at enhancing liquidity and attracting investor interest.
EaseMyTrip is set to enhance its non-air business by entering the medical tourism sector, which is experiencing rapid growth. CEO Nishant Pitti emphasized that this strategic move aligns with the company's goal of diversifying and achieving sustainable profitability in a flourishing market.
Easy Trip Planners Limited
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
stocks rebound as pharma and infrastructure lead market gains on november 29
Zee Entertainment Enterprises Limited
DIVI'S LABORATORIES LTD
Adani Green Energy Limited
Adani Energy Solutions Limited
Adani Total Gas Limited
Easy Trip Planners Limited
Sigachi Industries Limited
Newgen Software Technologies Limited
CreditAccess Grameen Limited
Bharti Airtel Ltd.
Nazara Technologies Limited
IND
Punit Goenka
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11:07 29.11.2024
easy trip shares rise 14 percent after bonus issue announcement
05:54 29.11.2024
EaseMyTrip ventures into medical tourism to enhance non-air business growth
09:00 27.09.2024
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