On Friday, shares of Eraaya Lifespaces Limited hit upper circuit of 5 per cent, taking it to ₹98.85 per share, compared to the previous day’s closing price of ₹94.15 per share. The stock’s 52 week high is ₹316.90 per share and low is ₹13.61 per share. The company’s shares saw over 6-fold increase in volume on BSE.
In October 2024, FIIs bought 5,24,093 shares and increased their stake to 26.31 per cent, from 24.21 per cent in September 2024.
This stock gave multibagger returns of 641 percent in just 1 year and 12,575 percent in 3 years. As of October 2024, the company’s promoters hold 35.17 percent stake, FIIs hold 26.31 percent, DIIs hold 1.84 percent and the remaining 36.69 percent is held by public shareholders.
Eraaya Lifespaces Limited is a renowned lifestyle and hospitality company. Recently we learned about Ebix Inc. USA, which is an important step towards diversifying the company’s portfolio and shaping the future of the business. The market cap of the company is ₹2,828.70 crore and its 3-year stock price CAGR is 500 percent.
Recently, EbixCash, a subsidiary of Eraaya Lifespaces Limited, has won an important five-year contract with ITI Limited worth more than Rs 100 crore. EbixCash will be the technical partner for operating and managing the MeitY-empanelled Data Center of ITI Limited. The department is also taking opinion on the increase of 1,000 rack space for ITI Limited. Additionally, EbixCash won the first 5-year ₹33.5 crore contract with KSRTC to implement ticketing solution using over 10,000 Android based smart ticketing machines across 84 depots.
Araya Lifespaces Limited has announced a 10:1 stock split. This means that each existing share, having a face value of ₹10, will be divided into 10 new shares, each having a face value of ₹1. The ex-date of the stock split was Friday 06 December 2024.
Disclaimer: This information is for informational purposes only and should not be construed as investment advice. It is recommended to consult a financial advisor before making investment decisions.