Praveg zooms on receiving order for Jalandhar House and Damanganga projects

26 Dec 2023 Evaluate

Praveg is currently trading at Rs. 739.90, up by 31.55 points or 4.45% from its previous closing of Rs. 708.35 on the BSE.

The scrip opened at Rs. 750.00 and has touched a high and low of Rs. 783.50 and Rs. 730.30 respectively. So far 357025 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 783.50 on 26-Dec-2023 and a 52 week low of Rs. 223.00 on 23-Dec-2022.

Last one week high and low of the scrip stood at Rs. 783.50 and Rs. 627.10 respectively. The current market cap of the company is Rs. 1687.62 crore.

The promoters holding in the company stood at 55.01%, while Institutions and Non-Institutions held 5.17% and 39.82% respectively.

Praveg has received work order for Operation, Maintenance and Management of Jalandhar House, Diu and Damanganga Circuit House, Silvassa. The work order for both properties is for a period of 7 years that could be extended up to another 3 years. Jalandhar House and Damanganga projects are spanning across a sprawling 15,000 and 12,000 square meters respectively. These expansive properties represent an exciting addition to Praveg's portfolio, aimed at delivering an elevated and premium guest experience, further enriching our commitment to exceptional hospitality.

With the addition of these properties, Praveg will now have 9 properties in operation and 12 under development. Company aims to further add more eco-responsible luxury resorts across India.

Praveg (Formerly known as Praveg Communications (India)) is principally engaged in business of providing services in holding and arranging Events, Exhibitions, Advertisement, Hospitality and in pharma sector.

Praveg Share Price

665.75 2.05 (0.31%)
22-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
SIS 380.50
TeamLease Services 2731.90
RattanIndia Ent 61.54
Updater Services 412.80
Mach Confer. & Event 221.00
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