IPL Match Today – CSK vs RCB: Multibagger Penny Stock Under Rs 65; Company Signs Agreement to Manage Travel & Hospitality Arrangements for Three Leading T20 Cricket Teams
From Re 0.75 to Rs 59.90 per share, the stock gave multibagger returns of 7,887 per cent in 3 years.
The electrifying atmosphere of the MA Chidambaram Stadium crackles with anticipation as the Chennai Super Kings (CSK) prepare to clash with the Royal Challengers Bengaluru (RCB) in a highly awaited IPL showdown. 1 All eyes are on the field, where legends and rising stars alike are set to ignite the contest. The roar of the crowd intensifies as figures like the ever-composed MS Dhoni take their positions behind the stumps for CSK, while the dynamic Virat Kohli prepares to lead the RCB batting charge, promising a contest filled with high stakes and thrilling moments.
Adding to the excitement surrounding the T20 season, Eraaya Lifespaces Limited’s subsidiary, Ebix Travels Pvt Ltd, has announced significant agreements to manage the travel and hospitality arrangements for three prominent teams: Punjab Kings, Royal Challengers Bangalore, and Kolkata Knight Riders. This partnership, spanning from March 22nd to May 25th, 2025, highlights Ebix Travels' expertise in providing end-to-end logistical support, including transportation and accommodation, ensuring seamless operations for these high-profile teams during their domestic fixtures.
This strategic move is poised to streamline the travel operations for these T20 powerhouses, allowing them to focus solely on their performance. Ebix Travels anticipates a boost in sales and revenue, solidifying its position as a leader in the travel and hospitality sector. Moreover, this collaboration is expected to significantly enhance the company’s brand visibility, strengthen its portfolio within the sports travel industry, and open doors to new business opportunities in other sporting events, further intertwining the excitement of the IPL season with broader business and logistical developments.
Commenting on the collaboration, Naveen Kundu, Managing Director of Ebix Travels, said, "We are thrilled to collaborate with some of the biggest names in Indian cricket. Our goal is to provide seamless travel and hospitality experiences, ensuring the teams can focus entirely on their performance. This partnership strengthens our commitment to excellence in the travel industry, and we look forward to delivering the highest standards of service to these prestigious teams."
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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.
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.
The company has a market capitalisation of over Rs 1,100 crore and a 300 per cent 3-year stock price CAGR. From Re 0.75 to Rs 59.90 per share, the stock gave multibagger returns of 7,887 per cent in 3 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.