From Rs 0.75 to Rs 56.66 Per Share In 3 Years: Only Buyers In This Multibagger Penny Stock Under Rs 60; Locked In 5 Per Cent Upper Circuit
From Rs 0.75 to Rs 56.66 per share, the stock gave multibagger returns of 7,455 per cent in 3 years.
On Wednesday, shares of Eraaya Lifespaces Limited were locked in a 5 per cent upper circuit at Rs 56.66 per share from its previous closing of Rs 53.97 per share. The stock’s 52-week high is Rs 316.90 per share, and its 52-week low is Rs 47.99 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.
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.
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Eraaya Lifespaces Limited announced significant progress and strategic expansion through its subsidiary, Ebix SmartClass Educational Services Pvt Ltd., in fiscal year 2024-25, highlighting the company's commitment to educational excellence and innovation post the acquisition of Ebix Inc. Strategic leadership changes and operational optimisation led to robust performance improvements for Ebix SmartClass, including the addition of approximately 1,250 new schools across India, equipping over 3,500 and 6,100 classrooms with smart hardware and enriched content, respectively, and developing 14,000 new educational modules. Improved operational performance and reduced operating losses were achieved through strategic cost management and enhanced procurement, supported by a dedicated workforce of over 150 professionals, reinforcing Ebix SmartClass's leadership in India’s digital education landscape.
The company has a market capitalisation of over Rs 1,000 crore and a 320 per cent 3-year stock price CAGR. From Rs 0.75 to Rs 56.66 per share, the stock gave multibagger returns of 7,455 per cent in 3 years. As of December 2024, the company's promoters own 35.13 per cent stake, FIIs own 22.63 per cent, DIIs own 1.83 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.