Q1 results 2024 effect: Multibagger stock inches closer to lifetime high as board sets date to consider results

Q1 results 2024 effect: Eraaya Lifespaces shares are one of the multibagger stocks that the Indian stock market has delivered in recent years. The multibagger stock has given nearly 600 per cent returns year to date (YTD) as it scaled from ₹116.25 to ₹834.95 apiece in this period. And the potential for future growth is still significant. Eraaya Lifespaces' share price today opened with an upside gap at ₹834.95 per share on BSE, inching closer to its existing lifetime high of ₹839.95 per share. However, the stock failed to sustain itself at higher levels and retracted after profit booking.

Eraaya Lifespaces Q1 results 2024 date

The multibagger stock witnessed strong buying interest during morning deals after the company on Wednesday declared the date for its board meeting to discuss and approve Q1FY25 results. The company will hold its board meeting on July 9.

In its latest exchange filing, Eraaya Lifespaces said, “In terms of Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, the 9th day of July 2024, at the Registered Office of the Company situated at B-1, 34/1, Vikas House, Vikas Path Marg, East Punjabi Bagh, Delhi 110026 to consider, inter- alia the following agenda items: 1] to consider and approve Un-audited Financial Results of the Company for the quarter ended June 30, 2024; and 2] to consider and approve any other item(s) with the permission of the Chair.”

“Further, we had already informed BSE Limited that pursuant to the SEBI (Prohibition of Insider Trading) Regulation 2015, the Trading Window for dealing in securities of the Company will remain closed for the purpose of declaration of Un-audited Financial Results of the Company for the quarter ended June 30, 2024, for all the Designated Persons, Connected Persons of the Company from June 26, 2024 and will be re-opened for the insiders of the Company after the end of 48 hours after the declaration of Un-audited Financial Results of the Company,” it said.

Multibagger stock

The multibagger Eraaya Lifespaces stock has risen 550 per cent in six months whereas it has risen 600 per cent in 2024. In one year, the small-cap stock has risen from ₹12.69 to ₹834.95 per share mark, logging a nearly 6,200 per cent rally. The multibagger stock witnessed strong upside in the post-Covid period. The stock has risen around 10,500 per cent in the last four years, a testament to its strong performance.

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