From Rs 10.98 to Rs 608.10 per share in just 1 year: Heavy buying in this multibagger micro-cap stock; Hit back-to-back upper circuits & 52-week highs!

From Rs 10.98 to Rs 608.10 per share, the stock provided multibagger returns of 5,438 per cent in just one year and an impressive 8,300 per cent over three years.

Today, the stock market was trading in red with BSE Sensex Index down by 0.48 per cent and NSE Nifty 50 Index down by 0.50 per cent. Despite the market downturn, one multibagger micro-cap stock was locked in a 2 per cent upper circuit at Rs 608.10 per share. The stock also reached a fresh new 52-week high of Rs 608.10 and has been consistently hitting back-to-back upper circuits and 52-week highs in recent trading sessions.

Eraaya Lifespaces Ltd, a company known for its exceptional experiences, curates luxury stays and events that highlight India's vibrant culture. They blend elegance and comfort to create unforgettable environments that go beyond merely providing a place to stay. Their portfolio offers unique getaways in renowned Indian destinations, enabling guests to fully immerse themselves in the country's rich heritage. Eraaya Lifespaces extends its services beyond lodging, crafting flawless events and innovative content to ensure every detail is perfect and leaves a lasting impression.

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Eraaya Lifespaces Ltd. announced significant developments in its hospitality business with a two-pronged approach totalling Rs 50 crore. Firstly, the company is strategically entering the booming leisure tourism market by acquiring a luxury staycation property in Lonavala, a popular weekend getaway near Mumbai and Pune, for approximately Rs 3 crore. This investment reflects Eraaya's understanding of the increasing demand for luxurious escapes close to home for urban dwellers.

Recognising Lonavala's scenic setting amidst the Western Ghats and its convenient proximity to major cities, Eraaya Lifespaces aims to capitalise on the area's serene environment, pleasant climate, and recreational activities to establish an ideal boutique staycation destination. The property is expected to be completed by mid-year, demonstrating Eraaya's commitment to providing exceptional experiences for travellers seeking a luxurious retreat or indulgence in nature.

The company has a market cap of Rs 919.64 crore with a 5-year stock price compound annual growth rate (CAGR) of 140 per cent. From Rs 10.98 to Rs 608.10 per share, the stock provided multibagger returns of 5,438 per cent in just one year and an impressive 8,300 per cent over three years.

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