10:1 stock split & 13,000 per cent returns: Multibagger stock under Rs 100 locked in upper circuit; Here’s why!
The stock gave multibagger returns of 395 per cent in just 1 year and a whopping 13,000 per cent in 5 years.
On Monday, shares of Eraaya Lifespaces Limited jumped 5 per cent upper circuit to Rs 99.45 per share from its previous closing of Rs 94.75 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. The shares of the company saw a spurt in volume by more than 1.01 times.
EbixCash Limited, a subsidiary of Eraaya Lifespaces Limited, has achieved a remarkable Gross Merchandise Value (GMV) of USD3.9 billion in its foreign exchange, inward remittance, and payments businesses during the first ten months of FY 24-25. This growth is attributed to strong macroeconomic trends, particularly in outbound travel, and strategic partnerships across various sectors. The company's innovative travel solutions, such as the Globetrotter Travel Card and its accompanying app, have further solidified its market position. EbixCash has also expanded its physical presence and received industry recognition for its services. Additionally, the company continues to lead in the cash-to-cash remittance space, is a dominant player in the B2B ticketing segment through IRCTC, and is pioneering new solutions like UPI-enabled financial inclusion and WhatsApp-based travel card services.
Additionally, EbixCash, an Eraaya Lifespaces subsidiary, has won three major contracts. The first is a multi-year agreement worth over Rs 47 million annually with three Punjab National Bank-sponsored rural banks. EbixCash will provide network services and manpower solutions to improve bank operations and promote financial inclusion in rural areas. The second contract, a five-year deal worth Rs 335 million with KSRTC, involves implementing an Automatic Fare Collection System (AFCS) on 10,000 devices for their 8,000-bus fleet. The third contract, valued at Rs 1,000 million, is for operating and managing ITI Limited's Data Center, marking EbixCash's entry into the data center management market.
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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 capitalisation of Rs 1,882 crore and a 400 per cent 3-year stock price CAGR. The stock gave multibagger returns of 395 per cent in just 1 year and a whopping 13,000 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.