Latest news with #NaveenKundu
India.com
8 hours ago
- Business
- India.com
This company shares hit 5 percent upper circuit even as markets decline
शेयर बाजार में हाहाकार, अरबों डॉलर हुए स्वाहा Shares of Eraaya Lifespaces were locked in the 5 per cent upper circuit limit on Thursday, June 19, 2025, amid a negative trend in the Indian stock market. The upper circuit limit, a regulatory measure, prevents the stock from being traded above a certain price level on a given day. The counter opened gap up with a gain of 4.78 per cent at Rs 48.25 against the previous close of Rs 46.05 on the BSE. It continued the upward trend and hit the intraday high of Rs 48.35, also the upper circuit of the stock. The 52-week high of the stock is Rs 316.90 and the 52-week low is Rs 40.37. Company's Subsidiary Expands Nationwide Business The action in the shares comes as the company has informed exchanges that its subsidiary Ebix Travels has broadened its Nationwide Business Associate Centre Network. The company's BAC initiative, launched in 2024, has already led to the establishment of over 20 Business Associate Centres across India. With plans to scale up to 100 centres by the end of FY 2025-26, the company is setting ambitious goals for its future. 'The launch of our Business Associate Centres represents more than just geographical expansion – we are creating a nationwide network of innovation hubs that reflect our unwavering commitment to revolutionizing India's travel landscape,' said Naveen Kundu, Managing Director of Ebix Travels Eraaya Lifespaces Share Price History Shares of Eraaya Lifespaces has given a multibagger return of 3895 per cent in two years, a term used to describe stocks that have provided returns multiple times their initial investment. However, it has corrected 33.56 per cent in two years and 67.68 per cent in six months. The counter is in action even as benchmark indices Sensex and Nifty declined in early trade amid weak trends from global markets as the ongoing Iran-Israel conflict, which has led to geopolitical tensions and concerns about oil supply disruptions, continue to weigh on investors' sentiment. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng were quoting in the negative territory. US markets ended on a mixed note on Wednesday.
Mint
9 hours ago
- Business
- Mint
Small-cap stock below ₹50 hits upper circuit despite negative trend in Indian stock market
Eraaya Lifespaces share prices were locked in the 5% upper circuit limit during Thursday's trading session, despite a downward trend in the Indian stock market. The stock experienced positive momentum following the company's announcement regarding its subsidiary, Ebix Travels Private Limited ( which has broadened its Nationwide Business Associate Centre Network. In an official filing with the exchange, the company noted that the Business Associate Centre (BAC) initiative has successfully established over 20 Business Associate Centres throughout India, and there is a bold plan in place to grow to 100 centres by the conclusion of FY 2025–26. 'The launch of our Business Associate Centres represents more than just geographical expansion – we are creating a nationwide network of innovation hubs that reflect our unwavering commitment to revolutionizing India's travel landscape. Each BAC embodies our core values: technological excellence, customer-centricity, and empowerment of local travel professionals. This initiative is our bold step towards building a more inclusive and accessible travel ecosystem that reaches every corner of our nation,' said Naveen Kundu, Managing Director of Ebix Travels As per the exchange filing, has strategically allocated its BACs throughout Delhi, Punjab, Uttar Pradesh, Jammu & Kashmir, Rajasthan, Uttarakhand, Tripura, Jharkhand, West Bengal, Karnataka, Tamil Nadu, Madhya Pradesh, and Gujarat, guaranteeing strong nationwide coverage in both established and developing markets. In its exchange filing, the company noted that with the Indian travel sector expected to keep growing, the BAC network provides with a scalable, adaptable, and effective growth framework. As it moves towards its goal of establishing 100 centers, the company remains dedicated to empowering local entrepreneurs, raising travel standards, and promoting innovation throughout the nation. This initiative not only strengthens the operational capabilities of Ebix Travels Pvt, but it also demonstrates Eraaya Lifespaces's strategic focus on transformative, inclusive, and technology-driven business growth. Eraaya Lifespaces share price today opened at ₹ 48.25 apiece on the BSE. Over the last week, the stock increased by 13.10%. The stock has decreased by -32.74% over the past three months and has declined by -34.88% over the past year.
Mint
11 hours ago
- Business
- Mint
Small-cap stock below ₹50 hits upper circuit despite negative trend in Indian stock market
Eraaya Lifespaces share prices were locked in the 5% upper circuit limit during Thursday's trading session, despite a downward trend in the Indian stock market. The stock experienced positive momentum following the company's announcement regarding its subsidiary, Ebix Travels Private Limited ( which has broadened its Nationwide Business Associate Centre Network. In an official filing with the exchange, the company noted that the Business Associate Centre (BAC) initiative has successfully established over 20 Business Associate Centres throughout India, and there is a bold plan in place to grow to 100 centres by the conclusion of FY 2025–26. 'The launch of our Business Associate Centres represents more than just geographical expansion – we are creating a nationwide network of innovation hubs that reflect our unwavering commitment to revolutionizing India's travel landscape. Each BAC embodies our core values: technological excellence, customer-centricity, and empowerment of local travel professionals. This initiative is our bold step towards building a more inclusive and accessible travel ecosystem that reaches every corner of our nation,' said Naveen Kundu, Managing Director of Ebix Travels As per the exchange filing, has strategically allocated its BACs throughout Delhi, Punjab, Uttar Pradesh, Jammu & Kashmir, Rajasthan, Uttarakhand, Tripura, Jharkhand, West Bengal, Karnataka, Tamil Nadu, Madhya Pradesh, and Gujarat, guaranteeing strong nationwide coverage in both established and developing markets. In its exchange filing, the company noted that with the Indian travel sector expected to keep growing, the BAC network provides with a scalable, adaptable, and effective growth framework. As it moves towards its goal of establishing 100 centers, the company remains dedicated to empowering local entrepreneurs, raising travel standards, and promoting innovation throughout the nation. This initiative not only strengthens the operational capabilities of Ebix Travels Pvt, but it also demonstrates Eraaya Lifespaces's strategic focus on transformative, inclusive, and technology-driven business growth. Eraaya Lifespaces share price today opened at ₹ 48.25 apiece on the BSE. Over the last week, the stock increased by 13.10%. The stock has decreased by -32.74% over the past three months and has declined by -34.88% over the past year. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
