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.

Block deals and bulk deals serve as tools for institutional investors, large funds, and HNIs to navigate the stock market efficiently.

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.

The share price of this multibagger rose nearly 2 per cent following the block deal news.

The shares of the company have generated an impressive return of 380% in the last two years. 

The net sales increased by 1,345 per cent to Rs 33.98 crore and net profit skyrocketed by 2,414 per cent to Rs 1.92 crore in Q4FY23 over Q4FY22. The net sales increased by 918 per cent to Rs 506.62 crore and net profit skyrocketed by 1,047 per cent to Rs 2.01 crore in FY23 over FY22.

The stock gave returns of over 250 per cent over the period of 6 years whereas BSE FMCG Index is just up 40 per cent.

The company's stock has returned 26.40 per cent over the past month and 34.76 per cent over the past 6 months.

The stock is up by 333.33 per cent year to date, while BSE Sensex has only increased by 3.14 per cent year to date. Investors must keep an eye on this multibagger penny stock.

The stock is up by 314.04 per cent year to date while BSE Sensex has only increased by 2.95 per cent year to date.

The stock is up by 83.75 per cent in 6 months while BSE Sensex has only increased by 19.7 per cent in 6 months. Investors must keep this stock on their watch list.

Today, the stock of this company was locked at 20 per cent at Rs 12.24 per share.

Within a year, the stock shot up more than 280 per cent while shareholders enjoyed stellar returns of 48 per cent in just five trading sessions!