Praveg climbs on entering into partnership with Mahindra Holidays & Resorts

20 Dec 2024 Evaluate

Praveg is currently trading at Rs. 740.00, up by 9.80 points or 1.34% from its previous closing of Rs. 730.20 on the BSE.

The scrip opened at Rs. 730.25 and has touched a high and low of Rs. 745.00 and Rs. 730.00 respectively. So far 94776 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. 639.00 on 21-Dec-2023.

Last one week high and low of the scrip stood at Rs. 780.00 and Rs. 709.25 respectively. The current market cap of the company is Rs. 1911.10 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 entered into pivotal three-year partnership with Mahindra Holidays & Resorts India (MHRIL). This agreement underscores a shared vision to enhance hospitality standards and deliver exceptional guest experiences across prime destinations, i.e. Daman, Diu, and Ayodhya.

Under the terms of this arrangement, MHRIL will enter an inventory agreement with Praveg to secure a total of 70 rooms (Inventory Rooms), comprising 35 fixed and 35 floating rooms, across select properties. This collaboration leverages Praveg’s operational expertise and MHRIL’s reputation for delivering premium holiday experiences.
Praveg will continue to operate and manage the properties on an ongoing basis, maintaining high standards of service, amenities, and facilities. Details of these standards will be elaborated in the inventory agreement to be executed between the parties. The agreement not only enhances the operational portfolio of both parties but also promises to elevate guest satisfaction through unparalleled experiences at these premium destinations.

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

739.75 9.55 (1.31%)
20-Dec-2024 16:59 View Price Chart
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