Praveg shines on getting work order for developing resorts in Damanganga Garden Kachigam
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Praveg is currently trading at Rs. 551.10, up by 7.75 points or 1.43% from its previous closing of Rs. 543.35 on the BSE.
The scrip opened at Rs. 552.40 and has touched a high and low of Rs. 552.40 and Rs. 545.00 respectively. So far 2267 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. 212.00 on 13-Oct-2022.
Last one week high and low of the scrip stood at Rs. 573.00 and Rs. 538.00 respectively. The current market cap of the company is Rs. 1230.12 crore.
The promoters holding in the company stood at 57.56%, while Institutions and Non-Institutions held 3.89% and 38.55% respectively.
Praveg has received the work order for developing and managing the resorts at Damanganga Garden Kachigam, Daman. The work order is for a period of 7 years that could be extended up to another 3 years. Spread across 89,500 sq meters, the Damanganga Garden Kachigam project will have 30 eco-friendly luxury resorts with a club house, two banquet halls, spa, swimming pool, restaurant, exotic garden, fitness centre and other facilities.
With the addition of this resort, Praveg will now have 6 properties in operation and 11 under development. Company aims to further add more eco-responsible luxury resorts across India.
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.
