Praveg gains on signing first project in Dholavira
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Praveg is currently trading at Rs. 489.90, up by 3.55 points or 0.73% from its previous closing of Rs. 486.35 on the BSE.
The scrip opened at Rs. 493.00 and has touched a high and low of Rs. 493.00 and Rs. 480.30 respectively. So far 22242 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 612.00 on 22-Feb-2023 and a 52 week low of Rs. 137.95 on 12-Aug-2022.
Last one week high and low of the scrip stood at Rs. 508.00 and Rs. 473.50 respectively. The current market cap of the company is Rs. 1071.37 crore.
The promoters holding in the company stood at 62.00%, while Institutions and Non-Institutions held 3.05% and 34.96% respectively.
Praveg has signed its first project at Dholavira, Gujarat. Spread across 48461 square meters, this project in its first phase will house 30 premium cottages and a restaurant. These cottages have been mindfully constructed to provide comfortable and immersive experience to its guests. To meet the future demand of tourist growth, Company has earmarked additional areas for expansion and can add 30 more luxurious cottages, taking the total capacity to 60 cottages.
This project is situated one and half km away from the famous UNESCO World Heritage Site, Dholavira, which is one of the five largest Harappan sites and most prominent archaeological site of the Indus Valley Civilization in India. The Company plans to create a remarkable project that will harmoniously blend with the cultural and historical significance of the area.
Praveg (Formerly known as Praveg Communications (India)) is principally engaged in business of providing services in holding and arranging Events, Exhibitions, Advertisement, Hospitality and in pharma sector.
