Promoters bought 14,00,000 shares in Q4FY25: Multibagger penny stock below Rs 60 hit upper circuit on May 13
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.
On Tuesday, shares of Eraaya Lifespaces Limited hit a 5 per cent upper circuit at Rs 51.43 per share from its previous closing of Rs 48.99 per share. The stock’s 52-week high is Rs 316.90 per share, and its 52-week low is Rs 45.05 per share.
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 realised 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.
DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
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 Rs 978 crore and a 300 per cent 3-year stock price CAGR.
From Rs 0.82 to Rs 51.43 per share, the stock gave multibagger returns of 6,172 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.