Low PE stock below 150: Promoter Buys 2.33 Lakh Shares, Stake Rises to 66.71%, Stock to Watch Out

On Thursday, shares of Mach Travel Solutions Ltd fell 1.48 per cent to close at Rs 146 per share from its previous closing of Rs 148.20 per share. The stock’s 52-week high is Rs 170 per share and its 52-week low is Rs 90 per share. During the session, the stock touched an Intraday high of Rs 152.65, representing a gain of 3 per cent from the previous closing price.

Mach Travel Solutions Ltd has witnessed significant promoter buying activity over the past few days. The company’s promoter and Director, Amit Bhatia, acquired a total of 233,400 shares through market purchases, representing approximately 1.11 per cent of the company’s equity.

Following the acquisition, Amit Bhatia’s shareholding in the company has increased to 66.71 per cent, reflecting continued confidence in the company's growth prospects and business strategy.

Formerly known as Mach Conferences & Events Ltd, Mach Travel Solutions Ltd is an integrated travel solutions provider offering end-to-end services across multiple segments, including corporate travel, Meetings, Incentives, Conferences and Exhibitions (MICE), holidays, B2B travel services, government and institutional projects, spiritual tourism, inbound tourism, and technology-enabled travel management solutions.

With more than two decades of industry experience, the company has built strong expertise in managing large-scale travel programmes, conferences, events, and institutional mandates across India and international markets.

As part of its growth strategy, the company has recently expanded into enterprise travel management through the launch of its technology-enabled Self-Booking Tool (SBT). The platform offers policy-based travel governance, multi-level approval workflows, MIS reporting, analytics, and automated travel processing capabilities designed for corporate clients.

Incorporated in 2014, Mach Conference and Events Ltd specializes in organizing corporate conferences, training programmes, incentive events, and business gatherings. The company is certified by major travel and tourism bodies, including IATA, PATA, IATO, and ADTOI.

The company operates primarily in the MICE segment and has successfully executed more than 300 large and medium-sized events for over 30 premium brands across the globe, strengthening its position in the travel and event management industry.

The company has a market cap of over Rs 307.14 crore. The stock price has surged over 57 per cent in the last 6 months. The stock has delivered a return of approximately 62.22 per cent from its 52-week low of Rs 90 per share.

Disclaimer: The article is for informational purposes only and not investment advice.

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