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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence  |  sumanspeaks.blogspot.com Travel & Hospitality · Turnaround Watch Easy Trip Planners At ₹5.78: The Hotel Business Is Growing Faster Than The Old Business Is Shrinking Near its 52-week low, EaseMyTrip is quietly turning into a different company than the one that listed in 2021 — and the next few quarters will decide whether that transformation shows up in the profit line. Easy Trip Planners Ltd trades around ₹5.78, with a market capitalisation of approximately ₹2,300 crore. That is close to its 52-week low of ₹5.74. At first glance, that looks like a stock the market has simply given up on. Look closer, and a more interesting picture emerges. The balance sheet is clean. Revenue is still growing. And one part of the business — hotels and holiday packa...

Mukhesh Ambani's Den Networks Ltd, failed to create any value for the investors.

Those who say Invest for long term in blue chip stocks in share market, they should read this post.

#Den #Networks #Ltd (Rs.49.95) came up with an IPO in October, 2009, with the price band of Rs.195 - 205. Photo: Latestly Hunt

The IPO of Den Networks listed on 24 November, 2009 at the lower band of Rs.195 and closed at the discount of around 16.36%. The Initial Public offer (IPO) was open on October 28, 2009 and closed on October 30, 2009. IPO was oversubscribed by 1.04 times (0.0963 times in retail).

The stock opened at Rs.195 and then rose to Rs.197, before closing at Rs.163.10.

Listing Day Trading Information at BSE

Issue Price: Rs.195.00
Open: Rs.195.00
Low: Rs.149.50
High: Rs.197.00
Last Trade: Rs.163.10
Volume: 7,730,791

Source: http://angelanalyst.com

The promoter's holding is still ~75%, while it is profitable company from the reputed Mukhesh Ambani group. But the current share price of Rs.49.95, is now almost (1/4)th the IPO price.

Interestingly, #Mukhesh #Ambani in March this year decided to sell close to 11.63% stake in Den Networks Ltd at a floor price of Rs.48.5 apiece through an offer for sale (OFS). What an Irony (for the India's richest man)!!

So, did it create any value for the investors during the last 10 years - plus of its existence?

A plain #NO...

Hence, there is no guarantee that blue chips, from the reputed business houses will deliver mind boggling returns in the long term.

Therefore, always take the help of experts in share market, to eke out a consistent return on your investment/s.

Join my Crorepati Scheme, if you have a portfolio Size of Rs.2/3 lakhs.

Comments

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