Multibagger Penny Stock Below Rs 50 Hit Upper Circuit as It Expands Nationwide Business Associate Centre Network; Targets 100 Centres by FY 2025-26 to Empower B2B Travel Growth
From Rs 0.82 to Rs 48.35 per share, the stock gave multibagger returns of 5,796 per cent in 3 years.
On Thursday, shares of Eraaya Lifespaces Limited hit a 5 per cent upper circuit to Rs 48.35 per share from its previous closing of Rs 46.05 per share. The stock’s 52-week high is Rs 316.90 per share, and its 52-week low is Rs 40.37 per share.
Eraaya Lifespaces Limited's subsidiary, Ebix Travels Private Limited (Via.com), has achieved a significant milestone with its Business Associate Centre (BAC) initiative, launched in 2024. This innovative model, designed to revolutionise India's B2B travel ecosystem, has already established over 20 BACs nationwide. The initiative aims to democratize travel business opportunities by empowering local entrepreneurs and bridging the gap between global travel suppliers and last-mile agents, especially in underserved regions. The BAC model addresses challenges faced by small and mid-sized travel agents, providing them with access to international inventory, modern technology, and operational infrastructure, effectively enabling them to operate with the sophistication of larger travel operators.
Via.com has strategically expanded its BAC footprint across numerous states, including Delhi, Punjab, Uttar Pradesh, and Karnataka, ensuring comprehensive pan-India coverage in both mature and emerging markets. Two additional BACs are set to launch in Himachal Pradesh in June 2025, further solidifying the company's presence in Northern India. The initiative is distinguished by its 360-degree support framework for business associates, encompassing technology access, capacity building, marketing, operational excellence, financial empowerment, and sales enhancement. This comprehensive support system has already yielded significant results, leading to enhanced market penetration, agent network expansion, economic upliftment, and improved customer service.
Looking ahead, Via.com's roadmap for FY 2025–26 emphasises rapid and responsible scaling, with an ambitious plan to grow the BAC network five-fold to reach 100 centers. This expansion will involve geographic diversification into unrepresented zones and increased penetration in key urban markets, while maintaining focus on Tier II and Tier III cities. The long-term goal is to establish a BAC in every major Indian city, creating the country's most accessible travel distribution network. The BAC initiative underscores Via.com's leadership in innovation and inclusion, solidifying its commitment to creating inclusive, tech-driven business models that empower smaller players through partnership, training, and shared growth rather than competition.
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About the Company
Eraaya Lifespaces, a luxury lifestyle and hospitality company, is expanding its global reach through the strategic acquisition of Ebix Inc. USA and its worldwide subsidiaries. This move allows Eraaya to integrate Ebix's leading software and e-commerce solutions across diverse sectors like insurance, finance, and healthcare, driving innovation and shaping the future of global business. This acquisition positions Eraaya to redefine luxury living through cutting-edge technology and expansive global reach.
In its Quarterly Results (Q4FY25), the company reported net sales of Rs 1.88 crore and a net loss of Rs 6 crore while in its half-yearly results (H2FY25), the company reported net sales of Rs 15.32 crore and a net loss of Rs 26.85 crore. Looking at its annual results (FY25), the company reported net sales of Rs 22.32 crore and a net profit of Rs 25.87 crore.
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 900 crore and a 285 per cent 3-year stock price CAGR. From Rs 0.82 to Rs 48.35 per share, the stock gave multibagger returns of 5,796 per cent in 3 years. The promoters of the company bought 14 lakh shares in Q4FY25 compared to Q3FY25. As of March 2025, the company's promoters own 35.61 per cent stake, FIIs own 22.52 per cent, DIIs own 1.81 per cent and the rest 40.06 per cent stake is owned by the public.
Disclaimer: The article is for informational purposes only and not investment advice.