647.5 per cent returns from 52-week low & FIIs increase stake: Multibagger small-cap stock under Rs 110 hit upper circuit with heavy volume
The stock gave multibagger returns of 645 per cent in just 1 year and a whopping 13,200 per cent in 3 years.
On Monday, shares of Eraaya Lifespaces Limited hit a 5 per cent upper circuit to Rs 103.75 per share from its previous closing of Rs 98.85 per share with a heavy volume spurt of 1.24 times. The stock’s 52-week high is Rs 316.90 per share and its 52-week low is Rs 13.88 per share. The stock is up by 647.5 per cent returns from 52-week low of Rs 13.88 per share.
Eraaya Lifespaces, a global lifestyle and hospitality leader, blends Indian heritage with luxury to create unforgettable experiences. We excel in event curation and innovative content, exceeding expectations and fostering lasting memories. With a market capitalization of Rs 1,961 crore and a 500 per cent 3-year stock price CAGR, Eraaya is expanding into new ventures, including the recent acquisition of Ebix Inc. USA, to drive innovation and enhance stakeholder value.
Recently, Eraaya Lifespaces Limited's subsidiary, EbixCash, has secured a significant five-year contract worth over Rs 100 crore with ITI Limited, a Central Public Sector Undertaking. EbixCash will be the technology partner for operating and managing ITI Limited's MeitY-empanelled Data Centre. The division is also consulting on the development of 1,000 rack spaces for ITI Limited, overseeing the entire process from design to implementation. Additionally, EbixCash secured the first, five-year, Rs 33.5 crore deal with KSRTC, which involves implementing a ticketing solution across 84 depots using over 10,000 Android-based smart ticketing machines.
DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
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 stock gave multibagger returns of 645 per cent in just 1 year and a whopping 13,200 per cent in 3 years. As of October 2024, the company's promoters 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.