The shares of a small cap company with a diversified portfolio, including exhibition management, event management, tourism, hospitality, and publication, and which has managed around 3000 events and exhibitions both domestically and internationally, surged around 12 percent in today’s trade following a bulk deal worth Rs 9.3 Crore.
Price Action
The shares of Praveg Ltd, with a total market capitalization of Rs 1,390.32 Crore on Monday, reached an intraday high of Rs 575 per share, gaining around 11.65 percent in the morning trading session today. As of 10:30 am, the shares slightly retreated and were trading at Rs 540 per share, which was 4.8 percent higher than the previous closing price of Rs 515 apiece.
The shares of Praveg Ltd have generated 288.6 percent over the past three years and an impressive 5,750 percent return in the past five years.
What Happened
On March 28, 2025, the shares of Praveg Ltd were acquired by an investment management firm, Sageone Investment Managers LLP. The firm has purchased 1,80,267 shares at an average price of Rs 516.38, investing around Rs 9.3 Crores in the company.
Financials
The company reported an increase of 64 percent YoY in revenue from operations from Rs 33 Crore in Q3FY24 to Rs 54 Crore in Q3FY25. Similarly, the Net Profit grew by 12.22 percent YoY from Rs 8 Crore to Rs 11 Crore over the same period. On the operating level, their EBITDA grew by 66 percent YoY from Rs 13.27 Crore to Rs 22.07 Crore.
Client Base
The company boasts a strong client base in both the Government and Private Sectors. Some of the prominent names in the Government sector include GSPC, GIDB, Himachal Tourism, GSECL, GMDC, NTPC, BPCL, GAIL, SAIL, Indian Oil Corporation Ltd, and more.
In the Private sector, their clientele includes Reliance Industries Ltd, Adani Group, TATA Power, Hitachi, Shell, Polycab, Eicher, PNB, WIpro, Suzlon, etc.
Industry Overview
According to estimates by Mordor Intelligence, the hospitality industry in India is expected to grow at a CAGR of 4.73 percent, increasing from US$ 23.5 billion in 2023 to US$ 29.61 billion by 2028. Similarly, the events and exhibition industry is projected to grow at the same rate, rising from US$ 4.75 billion in 2023 to US$ 8.71 billion in 2028. Additionally, foreign tourist arrivals are forecasted to reach 28 million by 2030, with the hospitality and tourism sectors collectively contributing US$ 250 billion to the economy by that year.
About Praveg Ltd
The company, with a diversified portfolio, manages approximately 3000 events and exhibitions in India and abroad. Being a leading company specializing in event management, exhibitions, and hospitality services, it delivers innovative solutions for corporate and consumer events, creating memorable experiences. Its range of portfolio includes the execution of large-scale projects across the nation and in the USA, China, South Korea, Africa, Europe, and the Middle East.
Written By Adhvaitha Nayani
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