Praveg communications- Top Multibagger of 2020 so far

Praveg communications previously known as Sword & Shield Pharma has emerged as a top multibagger 2020 so far. The stock has skyrocketed by a whopping 1127.81 per cent, considering the closing prices as on 9th September.

Praveg Communications (India) Limited is amongst the leading Exhibition & Event Management Companies of India. The company is virtually debt free and has a good return on equity (RoE) track record. The three-year RoE is 44.30 per cent.

Over a period of 5 years the stock has generated 109.4 per cent returns on an annualised basis while over three years the stock has delivered 97.60 per cent on an annualised basis.

The company's profit growth for the last three years was recorded as 154.89 per cent per anum.

The market cap (free float) of this multibagger is Rs 35.11 crore while the 52 w-high for the stock is Rs.73.30 per share.

The Company achieved Revenue of Rs  59.87 crores and Profit for the year Rs 3.65 crores. The Company announced dividend payout of Rs  2.77 crores for the year. According to the annual reports of the company, moving forward, the Company is focusing on growing its business with a keen focus on infrastructure. The company is expected to diversify into the real estate and energy sector.