Praveg jumps on incorporating subsidiary company in East Africa
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Praveg is currently trading at Rs. 470.00, up by 10.25 points or 2.23% from its previous closing of Rs. 459.75 on the BSE.
The scrip opened at Rs. 461.15 and has touched a high and low of Rs. 470.00 and Rs. 461.15 respectively. So far 9820 shares were traded on the counter.
The BSE group 'XT' 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. 136.50 on 04-Jul-2022.
Last one week high and low of the scrip stood at Rs. 472.50 and Rs. 455.00 respectively. The current market cap of the company is Rs. 983.34 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 incorporated subsidiary company namely ‘Praveg Safaris Tanzania’, at Tanzania, East Africa on May 24, 2023. The subsidiary is incorporated to carry on the business of Tourism, Hospitality and to do all other allied and incidental activities in this regard.
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.
