Easy Trip Planners tumbles 7%, drops below IPO price of Rs 187

Hotels and resorts in tourist places in Maharashtra have seen up to 30 per cent rise in cancellations and new bookings even as the state reports the sharpest increase in new Covid-19 cases

Shares of Easy Trip Planners, on Tuesday, slipped 7 per cent to Rs 183.60, on the BSE in intra-day trade, thereby falling below its issue price of Rs 187 per share. The online travel company had made its stock market debut on Friday, March 19. With today’s decline, it has slipped 21 per cent from its high of Rs 233.15 hit on the debut day.

At 10:40 am, the stock was trading 5 per cent lower at Rs 187, as compared to 0.38 per cent risen in the S&P BSE Sensex. A combined around 3 million equity shares have