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Multibagger Stock: Some stocks in the stock market make investors rich in a short time. Usually, everyone who invests in the stock market is looking for such multi-bagger stocks. One such stock is of Praveg Ltd, a company in the hospitality sector. This stock has made its investors millionaires in a very short time. This company had built tent cities in Ayodhya.
The stock of hospitality sector company Praveg Limited has given a tremendous return of 15,603 percent to investors in the last 5 years. The price of this stock closed at Rs 727.05 on BSE on December 6, 2024, whereas 5 years ago on December 6, 2019, the stock price was Rs 4.63. If someone had invested Rs 1 lakh in Praveg's stock 5 years ago andhads not sold the shares yet, then the investment would have become Rs 1.5 crore.
The market cap of the company is Rs 1800 crore.
Praveg Limited had built tent cities during the inauguration of Ram Mandir in Ayodhya. The company was started in the year 2005. The market cap of the company is currently Rs 1800 crore. By the end of September 2024, the promoters hada 45.97 percent stake in Praveg. The face value of the share is Rs 10.
Revenue stood at Rs 23.69 crore in the second quarter
Praveg Limited's revenue stood at Rs 23.69 crore in the July-September 2024 quarter. Meanwhile, net profit was recorded at Rs 1.43 crore.
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