EaseMyTrip Winner emerged amid India-Maldives dispute! easy trip plannerparent company of online travel tour operator easymytrip.com has attracted the attention of traders on Dalal Street as its stock has surged nearly 27% in the last five days. Stock price surges after company’s top executives announce no offer flights to maldivesAmidst the ongoing dispute between New Delhi and Male.
Shares of Easy Trip rose nearly 17% to Rs 51.81, making it one of the top gainers on the BSE on Thursday. The company’s decision to launch insurance subsidiary EaseMyTrip Insurance Brokers also contributed to the positive sentiment among market participants, ET reported.
Analysts believe the company’s move to suspend flight bookings to Maldives has piqued interest in the market, which is looking for new investment opportunities. Arun Kejriwal, founder of Kejriwal Research and Investment Services, said the company has placed itself in a good position by not offering a package to the Maldives and taking advantage of nationalistic sentiment. However, he said that although the stock may see a rise of 2-3%, it is not expected to rise much beyond that. Tension has increased between India and Maldives after three Maldivian ministers made objectionable comments about Prime Minister Narendra Modi and India. On January 8, Ease Trip CEO Nishant Pitti said on Twitter, “In solidarity with our country, @EaseMyTrip has suspended all Maldives flight bookings.”
According to Ambareesh Baliga, an independent consultant, the comments have attracted attention over the India-Maldives dispute. However, this stance is not likely to have any major impact on the company’s revenue and profits.

Kejriwal noted that the launch of the insurance venture would not have had much impact on the share price had the market not been attracted to the company following the Maldives comment.
Easy Trip, with a market capitalization of Rs 9,180.94 crore, underperformed on Dalal Street in 2023, with the stock falling nearly 25% during the year, while the BSE 500 index gained nearly 25%.
Read from ETEZ Trip Planners Stock Reaction
Market participants have advised caution despite the current momentum, which could push the share price higher. Baliga said, in the current market, the shares may reach Rs 60 due to the already increased momentum, but they are likely to stabilize around Rs 47-48. He advised that investors should be cautious about making fresh purchases at these levels, but maintain their positions with trailing stop losses.