7,500 Per Cent Multibagger Returns: Penny Stock Under Rs 60 Hit 5 Per Cent Upper Circuit On April 01
From Re 0.78 to Rs 59.86 per share, the stock gave multibagger returns of 7,500 per cent in 3 years.
On Tuesday, shares of Eraaya Lifespaces Limited hit a 5 per cent upper circuit to Rs 59.86 per share from its previous closing of Rs 57.01 per share. The stock’s 52-week high is Rs 316.90 per share, and its 52-week low is Rs 39.41 per share.
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 realized 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.
Eraaya Lifespaces Limited's subsidiary, Ebix Travels Pvt Ltd, has secured significant agreements to manage the travel and hospitality logistics for three major T20 cricket teams: Punjab Kings, Royal Challengers Bangalore, and Kolkata Knight Riders, from March 22nd to May 25th, 2025. This partnership will see Ebix Travels provide comprehensive end-to-end logistical support, encompassing transportation and accommodation, aimed at ensuring smooth operations for these high-profile teams during their domestic fixtures. This strategic move is expected to streamline travel operations, allowing the teams to focus on performance while simultaneously boosting Ebix Travels' sales, revenue, and brand visibility within the sports travel industry, potentially opening avenues for future business opportunities in other sporting events.
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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 1,100 crore and a 325 per cent 3-year stock price CAGR. From Re 0.78 to Rs 59.86 per share, the stock gave multibagger returns of 7,500 per cent in 3 years. As of December 2024, the company's promoters own 35.17 per cent stake, FIIs own 22.63 per cent, DIIs own 1.84 per cent and the rest 40.41 per cent stake is owned by the public.
Disclaimer: The article is for informational purposes only and not investment advice.