Praveg Share Price 24 January 2024: A Multibagger Stock with Impressive Returns!
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Investing in the stock market can be risky, so it’s important to make informed decisions before diving in. While the stock market is filled with risks, it also has the potential to make investors rich. Praveg Limited is one such multibagger stock that has delivered impressive returns in a short span of time.
Praveg Limited specializes in luxury tent accommodations at tourist destinations. In the short term, it has proven to be a multibagger stock for investors. The stock’s performance can be gauged from the fact that it has surged from a mere ₹2 to a whopping ₹1,100 in just five years. During the recent trading session, the stock reached a high of ₹1,134. However, it closed at ₹1,070.30.
As of Wednesday (24 January 2024), the stock was trading at ₹1,015, with a 0.80% decline. Over the past five years, Praveg Limited has provided investors with a remarkable return of 44,310% based on its closing price of ₹1,070.30. In the previous year, it recorded a return of 195% and an impressive 127% in just six months. In simpler terms, this stock has turned its million investors into crorepatis in just five years.
In recent months, Praveg Limited’s shares have shown significant growth, providing a return of 63% to investors in just one month. The share price has also witnessed a substantial increase, reaching ₹413.80. The company’s market capitalization stands at ₹2,440 crore, with a high of ₹1,300 and a low of ₹336 in the past 52 weeks.
The success of this company is closely tied to its association with the Ram Mandir in Ayodhya. In November 2023, Praveg Limited opened a luxury resort in Ayodhya and has plans to develop a luxury tent city around the Ram Janmabhoomi. It also has a tent city project in Varanasi and plans to develop a tourist city in Lakshadweep.
In Short, Praveg Limited’s stock has been a shining star for investors in recent years, delivering exceptional returns in a short period. With its ventures in luxury tent accommodations and its association with prominent religious sites, the company has attracted a wealthy clientele. As its stock continues to soar, it presents an enticing investment opportunity for those looking to make significant gains in the stock market. 🚀💼💰
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.