Praveg surges on opening Praveg Resort at Damanganga, Silvassa

Praveg is currently trading at Rs. 748.55, up by 21.50 points or 2.96% from its previous closing of Rs. 727.05 on the BSE.

The scrip opened at Rs. 730.30 and has touched a high and low of Rs. 768.40 and Rs. 730.00 respectively. So far 76748 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1300.00 on 10-Jan-2024 and a 52 week low of Rs. 627.10 on 18-Dec-2023.

Last one week high and low of the scrip stood at Rs. 768.40 and Rs. 690.00 respectively. The current market cap of the company is Rs. 1932.27 crore.

The promoters holding in the company stood at 45.97%, while Institutions and Non-Institutions held 14.87% and 39.15% respectively.

Praveg has opened Praveg Resort at Damanganga, Silvassa. This marks a pivotal achievement in the company’s vision to deliver unmatched luxury and hospitality experiences. Silvassa is a scenic town in western India, is renowned for its lush greenery, tribal culture, and historical significance. Silvassa has a rich history influenced by Portuguese and Maratha rule, which is reflected in its architecture and culture.  

Key attractions include the Vanganga Lake Garden, Deer Park, Dudhani lake and the Tribal Cultural Museum, which showcase the town’s natural beauty and cultural heritage. Praveg Beach Resort, Damanganga is located in Silvassa, the capital of the Union Territory of Dadra and Nagar Haveli and Daman and Diu. Situated near the Damanganga River, the property offers comfortable accommodations with essential amenities. The property features well?maintained 42 room, a conference hall, a restaurant, and picturesque views of the surrounding greenery and the river. The property is known for its peaceful atmosphere, making it a favored stay for visitors seeking tranquility. The property is also good for budget friendly destination wedding.

The introduction of this resort significantly enhances Praveg’s presence in the eco?luxury hospitality market, expanding its operational portfolio to 13 properties, with several ambitious projects currently in development. This expansion not only enhances its brand but also sets new benchmarks in luxury hospitality, promising an exciting future for company and its stakeholders.

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.