2,500 Per Cent Returns In Just 1 Year & FIIs Bought 5,24,093 Shares: Multibagger Stock Announces 10:1 Stock Split; Check Record Date Inside

The stock gave multibagger returns of 2,500 per cent in just 1 year and a whopping 26,700 per cent in 3 years.

On Monday in the pre-opening sessions, shares of Eraaya Lifespaces Limited surged 4.92 per cent to Rs 2,032.95 per share from its previous closing of Rs 1,937.60. The stock’s 52-week high is Rs 3,169 per share and its 52-week low is Rs 78.33 per share. The stock gave multibagger returns of 2,500 per cent in just 1 year and a whopping 26,700 per cent in 3 years.

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 Board fixed the record date for the stock split as Friday, December 06, 2024 and the new ISIN for the company’s equity shares having a face value of Re 1 has been allotted as INE432F01032.

Earlier, EbixCash, a subsidiary of Eraaya Lifespaces, secured new contracts worth Rs 250 million annually. These multi-year deals cover healthcare, e-commerce, and more, and will see EbixCash expand its workforce to 11,000 by 2025.

Eraaya Lifespaces Limited is a prominent lifestyle and hospitality company that curates’ exceptional experiences rooted in India's heritage. Their portfolio encompasses a wide range of offerings, including captivating events, innovative content, luxurious accommodations, and immersive cultural encounters. Recognising the dynamic market landscape, Eraaya is actively exploring strategic expansion opportunities beyond its current scope. By embracing new business fields through mergers and acquisitions, the company aims to diversify its operations, unlock new growth avenues, and maintain its relevance in an ever-evolving market. The market capitalisation of the company is Rs 3,752 crore and an impressive 3-year stock price CAGR of 500 per cent.

According to the shareholding pattern as of October 2024, FIIs bought 5,24,093 shares and increased their stake to 26.31 per cent compared to 24.21 per cent in September 2024. As of October 2024, the promoters of the company own 35.17 per cent stake, FIIs own 26.31 per cent, DIIs own 1.84 per cent and the rest 36.69 per cent stake is owned by the public.

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