Easy Trip Planners IPO listing gain hit by weak market sentiment; what to do now? Check here

With bears strengthening their grip on Dalal Street in recent days, Easy Trip Planners IPO (Initial Public Offer) got listed today with tepid premium. Currently, Easy Trip Planners share price is trading at Rs 213.50, which is Rs 26.50 above its upper price band of Rs 187. This is around 15 per cent premium, which is considerably better, considering the market mood. Sentiment has been marred by the global selloff. So, what should investors d now? According to market experts, one should hold Easy Trip Planners shares as it will show some recovery once the market mood moves in favour of bulls. They advised Easy Trip Planners shareholders to hold the stock till its March quarter result is announced.

Speaking on the Easy Trip Planners IPO listing, Saurabh Jain, AVP — Research at SMC said, "If we look at the market mood globally, Easy Trip Planners IPO listing at around 15 per cent premium is a good listing. Those who have Easy Trip Planners shares are advised to hold the stock as it is expected to zoom once the market mood shifts in favour of bulls." Jain of SMC advised Easy Trip Planners shareholders to wait till the March quarter results of the company are announced.

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Standing in sync with Jain, Avinash Gorakshkar, Head of Research at Profitmart Securities said, "Easy trip Planners hail from the digital marketing domain that has huge potential in the long-term time horizon. But, due to he COVID-19 pandemic, the tourism industry is under heat and the company caters to the tourism industry. So, one should hold the stock as the unlock activities are fast catching and its impact is expected to get transferred in the Easy Trip Planners shares."