998 per cent return: Multibagger receives Work order for Developing Tent City in Ayodhya,UP!
The stock has witnessed significant buying activity surging more than 998 per cent in the last 3 years.
On August 08,2023, during morning deals both the Sensex and Nifty showed minimal movement. However, as the day progressed the midday update reveals a downtrend with both the Sensex and Nifty experiencing a decline of 0.18 per cent each.
Contrary to market sentiment, the shares of Praveg Limited zoomed 1.19 per cent. The company's current market capitalization is Rs 1,134.14 crore.
Today, Praveg Limited has unveiled news of being awarded a significant work order. This undertaking encompasses the development, maintenance, and management of the Tent City situated in the culturally rich Ayodhya, Uttar Pradesh.
Stipulated for a span of ten years, this endeavor holds the potential for an extension of up to an additional five years, further solidifying Praveg's position as a trailblazer in responsible luxury experiences.
It's important to mention Praveg's first Tent City project in the revered city of Varanasi, which has warmly received an impressive number of over 10,000 visitors.
As Ayodhya anticipates a commendable 10 to 15 per cent increase in tourism following the completion of the construction and development of the Ram Mandir in 2024, Praveg's avant-garde tent city is well poised to benefit directly from this surge.
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About Praveg:
Established in 2016 through the amalgamation of Praveg Communications Limited and Sword and Shield Pharma Limited, Praveg Communications (India) Limited stands as a dynamic advertising enterprise specializing in Exhibition and Event Management.
Beyond this forte, the company further extends its expertise to servicing the Hospitality sector, Publications, and Real Estate marketing, fostering a diversified portfolio. With a global vision, the company has strategically established its presence both nationally and internationally, positioning itself as a prominent player in the realms of effective advertising and strategic marketing solutions.
The stock has witnessed significant buying activity surging more than 998 per cent in the last 3 years.
Keep a close eye on this trending stock.
Disclaimer: The article is for informational purposes only and not investment advice.