13,000 per cent multibagger returns: This small-cap company receives order from Department of Tourism, U.T. Administration of Dadra & Nagar Haveli and Daman & Diu!
The stock gave multibagger returns of 152 per cent in just 1 year whereas BSE Small-cap Index is up by 34 per cent.
Praveg Ltd (BSE Script Code: 531637) informed that the company has received a work order from the Department of Tourism, U.T. Administration of Dadra & Nagar Haveli and Daman & Diu for the development and operation of Daman Ganga Garden Kachigam, Daman.
The order includes the development of a minimum of 30 cottages/tents; a clubhouse, 02 banquet halls for marriage / MICE tourism, a pool area; a restaurant/cafeteria and spa, a fitness centre, an exotic garden and other facilities. The work order is for seven (7) years that could be extended up to another three (3) years.
On Friday, shares of Praveg Ltd surged 0.96 per cent to Rs 541.55 per share with an intraday high of Rs 548.50 and an intraday low of Rs 536.50. The stock has a 52-week high of Rs 612 and a 52-week low of Rs 137.95.
Praveg Ltd is an advertising company with core competence in exhibition and event management. The company is also engaged in providing services to the hospitality sector, publications and real estate marketing. The company has set up its branches nationally and internationally.
According to the financials, Praveg Ltd has a market cap of over 1,100 crore. In both quarterly and annual results, the company has reported excellent results. In Q4FY23, net sales increased by 12.16 per cent and net profit skyrocketed by 10.47 per cent compared to the same quarter last year(Q4FY22). The net sales increased by 87 per cent to Rs 84 crore and net profit skyrocketed 133 per cent to Rs 28 crore in FY23 over FY22.
The stock has an ROE of 40.50 per cent and a ROCE of 53.10 per cent respectively. The stock gave multibagger returns of 152 per cent in just 1 year whereas BSE Small-Cap Index is up by 34 per cent. In 3 years the stock is up by 900 and a whopping 13,000 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.
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