29,000 per cent multibagger returns: This small-cap company receives order from Department of Tourism, U.T. Administration of Lakshadweep; scrip hit 52-week high!
The stock gave multibagger returns of 200 per cent in just 1 year whereas BSE Small-cap Index is up by 39.4 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 Lakshadweep for the development, operation, maintenance and management of at least 50 tents at Agatti Island, UT of Lakshadweep.
The order includes the development of a minimum of 50 tents; restaurant/cafeteria; cloak cloakroom; changing room and other facilities. The work order is for 3 years that could be extended up to another 2 years.
Additionally, the company's meeting is scheduled for Tuesday, December 26, 2023, to discuss and vote on a proposal to raise funds. This may involve issuing new shares, convertible securities, or other eligible financial instruments, potentially through preferential rights or other permitted methods. The specific approach will be determined based on what's most suitable, and all necessary regulatory and shareholder approvals will be required.
On Friday, the shares of Praveg Ltd gained 11.2 per cent to an intraday & 52-week high of Rs 730 per share from its previous closing of Rs 656.50 per share. At the closing bell, shares of the company were trading at Rs 708.35 per share, up 7.9 per cent with a spurt in volume by more than 1.01 times on BSE.
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 Rs 1,600 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 200 per cent in just 1 year whereas BSE Small-Cap Index is up by 39.4 per cent. In 3 years, the stock is up by 1,480 and a whopping 29,000 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ’s 'Multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
Related articles
-
1,276-MW order book: This multibagger heavy electrical company bags repeat order for 279 MW for its 3 MW WTGs from a large C&I player; scrip hits 52-week high!
-
Rs 165.8 crore order book: This micro-cap company bags new order worth Rs 95,80,00,000 from Oil and Natural Gas Corporation Limited!
-
Rs 68,000 crore order book: This multibagger aerospace & defence company bags huge orders worth Rs 8,793 crore from Indian Army; hit 52-week high!
-
Back-to-back upper circuits & 52-week highs in this multibagger penny stock with Rs 361 crore order book; Board likely to announce fundraising – FIIs bought 1 crore shares!
-
440 per cent returns & 52-week high alert: This multibagger cable manufacturing company bags new orders worth Rs 27,42,32,033 from PVVNL and DVVNL!
-
Rs 100 crore order book: This multibagger micro-cap company receives order worth Rs 20 crore from Steel Authority of India Ltd; hit 52-week high!
-
52-week high alert in this multibagger stock: This micro-cap company receives new orders worth Rs 101,79,437 from Swiggy and Trinity Engineers Pvt Ltd!
-
Multibagger from its 52-week low: This civil construction company receives orders worth Rs 1,919 crore!
-
Multibagger penny stock at Rs 42 with 1,800 per cent returns: This micro-cap company imports new high-tech machinery worth Rs 1 crore to boost production and enter new markets
-
Multibagger in just 1 year: This iron & steel company bags new orders worth Rs 611 crore from Latin America
-
Guess who landed a Rs 6 crore order from Universal Sompo General Insurance Company Ltd?
-
Rs 500,00,00,000 order victory & DIIs increase stake: This castings & forgings company receives order to supply brake flanges for US utility vehicles under a multi-year contract!
-
Rs 10,000 crore orders and Rs 55,300 crore order book: This multibagger civil construction company bags huge orders from Greater Noida Authority
-
Mulltibagger from its 52-week low: This micro-cap company bags new orders worth Rs 47,40,00,000 from various clients across India
-
Rs 400,00,00,000 order: This small-cap castings & forgings company breaks ground in passenger vehicles market with a large order win from a leading Indian automaker
-
Multibagger penny stock at Rs 22: This electrical equipment company bags new orders worth Rs 40,00,00,000 in West Bengal
-
300 per cent returns and promoters & FIIs increase stake: This multibagger aerospace & defence company bags new order worth Rs 25.58 crore from IOCL
-
650 per cent returns from its 52-week low: This micro-cap company receives new order worth Rs 13,34,00,000 from Indian Railways!
-
Rs 5,100 crore order book & Quant MF bought 22,50,000 shares: This multibagger railways telecom company bags order worth Rs 1,62,73,00,000 from Navodaya Vidyalaya Samiti!
-
Multibagger penny stock below Rs 35: This micro-cap company bags new order worth Rs 40,00,000 from Public Health Engineering Directorate, Government of West Bengal!