Multibagger Stock Under Rs 100 Hit Upper Circuit After Achieving Landmark USD 3.9 Billion GMV Till January 2025, Redefining Growth and Innovation
The stock gave multibagger returns of 390 per cent in just 1 year and a whopping 12,370 per cent in 5 years.
On Friday, shares of Eraaya Lifespaces Limited gained 5 per cent upper circuit to Rs 94.75 per share from its previous closing of Rs 90.25 per share. The stock’s 52-week high is Rs 316.90 per share and its 52-week low is Rs 19.76 per share.
EbixCash Limited, the Indian subsidiary of Eraaya Lifespaces Limited, has announced remarkable growth across its foreign exchange, inward remittance, and payments businesses, achieving a Gross Merchandise Value (GMV) of USD3.9 billion during the first ten months of FY 24-25. CEO and Managing Director, T.C. Guruprasad, expressed confidence in sustained growth, citing strong macroeconomic trends driving outbound travel. The company has seen significant contributions from student remittance and corporate business sectors, along with strategic partnerships with corporations, educational consultants, banks, and star-category hotels. This expansion has solidified EbixCash's position in the foreign exchange market.
EbixCash has also focused on innovation in travel solutions. The Globetrotter Travel Card remains popular among outbound travellers, with the One World variant offering global merchant access and zero cross-currency charges. A new Globetrotter Travel Card App, launched in January 2025, further enhances customer convenience and security. The company has strategically expanded its physical presence with new branches in GIFT City, Ahmedabad, and Surat Airport, aiming to capture a larger share of the retail, corporate, and student markets. This expansion is complemented by the recognition of EbixCash World Money as the Best Foreign Exchange and Remittance Solution provider at the Travel Agent Federation of India (TAFI) annual event.
In addition to its foreign exchange and travel offerings, EbixCash maintains a leadership position in the cash-to-cash remittance space, partnering with major players like Western Union and MoneyGram. The company's domestic UPI handle, already adopted by credit societies, will soon be available at airport counters for foreign nationals, promoting cashless transactions. EbixCash Payment Services continues to dominate the B2B ticketing segment through IRCTC and is pioneering solutions like UPI-enabled financial inclusion and WhatsApp-based travel card services. This multifaceted approach underscores EbixCash's commitment to innovation and customer experience across the financial services landscape.
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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 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 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. In October 2024, FIIs bought 5,24,093 shares and increased their stake to 26.31 per cent compared to a 24.21 per cent stake in September 2024.
The company has a market capitalization of Rs 1,794 crore and a 500 per cent 3-year stock price CAGR. The stock gave multibagger returns of 390 per cent in just 1 year and a whopping 12,370 per cent in 5 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.