7,000 Per Cent Multibagger Returns: Penny Stock Under Rs 60 Turns Green As The Company Drives Into Strategic Growth and Expansion
From Re 0.76 to Rs 54.98 per share, the stock gave multibagger returns of over 7,000 per cent in 3 years.
On Tuesday, shares of Eraaya Lifespaces Limited gained 4.80 per cent to Rs 54.98 per share from its previous closing of Rs 52.46 per share. The stock’s 52-week high is Rs 316.90 per share, and its 52-week low is Rs 43.47 per share.
Eraaya Lifespaces Limited announces significant progress and strategic expansion through its subsidiary, Ebix SmartClass Educational Services Pvt. Ltd., during fiscal year 2024–25. This growth reflects the company’s strong commitment to excellence and innovation in the educational services sector. Following the successful acquisition of Ebix Inc., Eraaya's management implemented a strategic transformation, including revitalizing leadership and optimizing operations, leading to robust performance improvements across key business metrics.
Key strategic achievements of Ebix SmartClass include onboarding approximately 1,250 new schools across India, equipping over 3,500 classrooms with smart hardware and 6,100 classrooms with enriched content, and developing 14,000 new educational modules. Through strategic cost management and optimized processes, Ebix SmartClass improved operational performance and reduced operating losses. Strengthened procurement and strategic vendor collaborations further enhanced efficiency. With a dedicated workforce of over 150 professionals, Ebix SmartClass continues to lead in India’s digital education 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.
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 1,000 crore and a 325 per cent 3-year stock price CAGR. From Re 0.76 to Rs 54.98 per share, the stock gave multibagger returns of over 7,000 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.