Multibagger penny stock jumps as company celebrates landmark century as EbixCash World Money unveils its 100th branch in Sacred Tiruvannamalai

On Friday, shares of Eraaya Lifespaces Limited jumped 4.85 per cent to Rs 47.74 per share from its previous closing of Rs 45.53 per share. The stock’s 52-week high is Rs 316.90 per share and its 52-week low is Rs 39.99 per share. In June 2025, the President of India made a fresh entry and bought 14,30,092 shares or 0.75 per cent stake in the company.

Eraaya Lifespaces Limited's Indian subsidiary, EbixCash World Money, marked a significant achievement with the inauguration of its 100th branch in the sacred city of Tiruvannamalai, Tamil Nadu. This momentous milestone is a testament to the company's growth and its strategic decision to expand into a city that is not only a hub of spiritual enlightenment but also a flourishing centre for commerce and education. By establishing a physical presence in Tiruvannamalai, EbixCash World Money is poised to meet the growing demand for reliable foreign exchange services from both the local community and the global influx of pilgrims, students, and tourists.

The new branch in Tiruvannamalai offers a comprehensive range of foreign exchange solutions, including currency exchange, outward remittances, and prepaid forex cards. These services are designed to cater to a diverse clientele, from international travellers and students to corporations and small to medium-sized enterprises. The integration of these services with EbixCash’s advanced digital platforms ensures a seamless and efficient customer experience. This strategic expansion empowers the region with world-class forex solutions, reinforcing EbixCash World Money's commitment to providing accessible, secure, and digitally-enabled financial services across India.

About EbixCash World Money Limited: EbixCash World Money Limited, a subsidiary of Eraaya Lifespaces, is a top provider of foreign exchange and outward remittance services in India. It utilises an innovative "phygital" model, which combines a vast physical network of 100 retail branches, over 250 franchise locations, and a presence at more than 16 international airports and 12 major seaports, with advanced digital platforms. This approach allows the company to deliver secure and efficient solutions to a diverse clientele, from large corporations to individual travellers.

About Eraaya Lifespaces Ltd

Eraaya Lifespaces, a lifestyle and hospitality company focused on luxury, innovation and technology, is expanding its global footprint and offerings through the strategic acquisition of Ebix Inc. USA and its worldwide subsidiaries. This move significantly broadens Eraaya's scope beyond its core business of creating immersive cultural experiences, as Ebix is a global leader in software and e-commerce solutions across insurance, financial services, travel, healthcare and e-learning. By integrating Ebix's expertise in areas like advanced insurance exchanges and SaaS solutions, Eraaya aims to drive transformative innovation and redefine the future of business in interconnected global markets.

In its Quarterly Results (Q1FY26), the company reported net sales of Rs 609 crore and a net loss of Rs 24 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.

The company has a market capitalisation of over Rs 900 crore and a 130 per cent 5-year stock price CAGR. The stock gave multibagger returns of over 2,515 per cent in 3 years. As of June 2025, the company's promoters own 35.61 per cent stake, FIIs own 22.47 per cent, DIIs own 1.61 per cent, the Government of India owns 0.75 per cent and the rest 39.56 per cent stake is owned by the public.

Disclaimer: The article is for informational purposes only and not investment advice.