The promoter group company PEAK XV Partners Investments V divested 52 lakh shares, and Bisque Limited sold 30 lakh shares, both at an average price of Rs 709.9.

The share saw a spurt in Volume by more than 6.34 times.

Promoters of this company have sold around 1,67,41,156 crore shares, and these institutional investors have bought the shares. Complete details inside.

FIIs and DIIs owns 9.44 per cent and 16.80 per cent of the company as per the recent update.

The IPO garnered significant interest, boasting a subscription rate of 86.69 times. The QIB and NII categories saw subscription rates of 125.51 times and 50.60 times, respectively.

The company's PAT grew by 78 per cent, while revenue increased by 55 per cent in FY24. Additionally, the company reduced its debt by 43 per cent according to the recent update.

The company's stock is available at a discount of 27 per cent compared to its all-time high price as per the current market price

In a recent press release, Praveg Limited announced the inauguration of "Praveg’s Grand Eulogia" hotel on Sindhu Bhavan Road, Ahmedabad, on November 1, 2023. The company closed the trading day with a notable gain of +8.55%, concluding at a price of Rs 608.35. The substantial volume surge can be attributed to the execution of four substantial bulk deals on the same day, substantiating heightened investor interest and robust market activity in Praveg Limited's shares.

The stock is up by over 25 per cent from its 52-week low of Rs 116.5 per share.

In recent trading sessions, the stock is hitting back-to-back upper circuits and 52-week highs because “CHANCHAL DEVI LODHA” bought 1437504 shares of the company via bulk deal.