President of India bought 14,30,092 shares: Multibagger penny stock under Rs 50, hit back-to-back upper circuits!

On Friday, shares of Eraaya Lifespaces Limited hit a 2 per cent upper circuit to Rs 44.12 per share from its previous closing of Rs 43.26 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. In the recent trading sessions, the stock has been hitting back-to-back upper circuits.

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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.

Earlier, Eraaya Lifespaces' subsidiary, Ebix Technologies Limited, secured a significant Rs 140 crore contract with the Maharashtra State Road Transport Corporation (MSRTC) to roll out the National Common Mobility Card (NCMC). This project, a first-of-its-kind for concessionaires in India, will introduce a unified digital payment system across Maharashtra's public transit. It aims to prevent subsidy misuse through Aadhaar-based authentication and is expected to handle over Rs 2,000 crore in annual transactions once fully operational. The deal also includes a business assurance to sell at least 70 lakh cards in the first year.

The company has a market capitalisation of over Rs 800 crore and a 125 per cent 5-year stock price CAGR. The stock gave multibagger returns of over 5,555 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.