Multibagger Penny Stock Under Rs 60: Travel Solutions Provider is Appointed as Official Travel Partner for WAVES Bazaar 2025
From Rs 0.82 to Rs 53.70 per share, the stock gave multibagger returns of 6,450 per cent in 3 years.
Eraaya Lifespaces Limited has announced a significant achievement for its subsidiary, Ebix Travels Private Limited, which has been appointed the Official Travel Partner for WAVES Bazaar 2025. This prestigious global initiative, spearheaded by the Government of India and scheduled in Mumbai from May 1–4, 2025, is a premier marketplace for the Media and Entertainment industry. Ebix Travels will leverage its extensive global network and advanced technology to provide comprehensive travel and hospitality solutions for both domestic and international delegates attending the summit. This collaboration with WAVES Bazaar 2025, conceptualised in partnership with FICCI Frames Content Marketplace, underscores Ebix Travels' leadership in the travel sector and its commitment to facilitating seamless and efficient travel experiences for high-profile global events.
This strategic partnership not only elevates the visibility of Ebix Travels Pvt. Ltd. on an international stage but also positively reflects on the operational capabilities of Eraaya Lifespaces Limited. Ebix Travels' role will encompass delivering a full spectrum of travel-related services, ensuring a smooth and enriching experience for all participants. This association highlights the company's focus on creating value through strategic collaborations and its dedication to supporting significant industry events. By serving as the Official Travel Partner, Ebix Travels reinforces its strategic vision of empowering global events with technology-driven, customer-centric travel solutions, further solidifying its reputation within the travel and hospitality ecosystem.
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About the Company
Eraaya Lifespaces Limited, a leading lifestyle and hospitality company renowned for its luxurious and culturally rich experiences, is embarking on a strategic expansion. Building on its success in creating unforgettable journeys, Eraaya seeks to diversify its portfolio through mergers and acquisitions. This ambition was recently realised with the acquisition of Ebix Inc. USA and its global subsidiaries in June 2024. This significant acquisition, valued at USD 361 million, marks a pivotal moment for Eraaya as it ventures into new business domains, driving innovation and creating value for all stakeholders while navigating the dynamic and evolving market landscape.
According to Quarterly Results, the net sales increased by 3,584 per cent to Rs 666.11 crore and net profit increased by 130 per cent to Rs 0.53 crore in Q3FY25 compared to Q3FY24. Eraaya Lifespaces Limited has declared a 10:1 stock split. This means that each existing share with a face value of Rs 10 will be divided into ten new shares, each with a face value of Re 1. The ex-date for the stock split was Friday, December 06, 2024.
The company has a market capitalisation of over Rs 1,000 crore and a 320 per cent 3-year stock price CAGR. From Rs 0.82 to Rs 53.70 per share, the stock gave multibagger returns of 6,450 per cent in 3 years. As of March 2025, the company's promoters own 35.61 per cent stake, FIIs own 22.52 per cent, DIIs own 1.81 per cent and the rest 40.06 per cent stake is owned by the public.
Disclaimer: The article is for informational purposes only and not investment advice.