DSIJ Mindshare

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.

FII stake increase: Foreign Institutional Investors (FIIs) have increased their stake in Lincoln Pharma from 0.63 per cent in September 2022 to 2.59 per cent in September 2023.

Promoter holding increase: The promoter holding in Lincoln Pharma has also increased from 44.09 per cent in September 2022 to 50.53 per cent in September 2023.

the company has secured a substantial Purchase Order worth Rs 17.64 Crores for supplying 1 KW HF and SATCOM Equipment, with the contract formalized on November 1, 2023. The esteemed client for this deal is M/s. Cochin Shipyard Limited.

Additionally, another notable Purchase Order, valued at Rs 1.61 Crore, has been received for Automatic Test Equipment (ATE) dedicated to Radar Equipment. This contract was also confirmed on November 1, 2023, with Satish Dhawan Space Centre – SHAR, ISRO, as the client.

During this period, the company reported a revenue of Rs 3,897.53 crore, reflecting a 3.75% increase compared to the same quarter in the previous fiscal year, indicating consistent top-line growth. Notably, the operating profit reached Rs 596.93 crore, demonstrating an impressive growth of 95.58% from the corresponding quarter in FY23. This significant increase in operating profit signifies the company's effective cost management, resulting in a healthier profit margin. The profit before tax (PBT) stood at Rs 376.82 crore, representing a remarkable growth of 412.26% compared to the PBT of Rs 73.56 crore in Q2FY23. The profit after tax (PAT) exhibited substantial growth, amounting to Rs 248.62 crore, which represents a remarkable increase of 401.15% from the PAT of Rs 49.61 crore in the same quarter of the previous fiscal year.

The stock gave multibagger returns of 700 per cent in 3 years and a whopping 3,160 per cent in a decade.