{"id":111668,"date":"2023-10-12T13:15:07","date_gmt":"2023-10-12T07:45:07","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111668"},"modified":"2023-10-12T14:10:29","modified_gmt":"2023-10-12T08:40:29","slug":"small-cap-stock-in-green-after-it-receives-work-order-from-tourism-department","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/small-cap-stock-in-green-after-it-receives-work-order-from-tourism-department\/","title":{"rendered":"Small-cap stock in green after it receives work order from tourism department"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1882911527\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This S&amp;P BSE Smallcap Stock rose 1.7% within the first hour of markets opening after receiving an order from the Department of Tourism, U.T. Administration of Dadra &amp; Nagar Haveli and Daman &amp; Diu. <\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-152902483\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The company has a market cap of Rs. 1,211 crore and is 11% away from its 52 week high, trading at Rs. 548.20 versus Rs. 543.35 at previous close. The stock is seeing volumes that are over 0.1x the monthly average.<\/p><p><a href=\"https:\/\/portal.tradebrains.in\/stock\/531637\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Praveg Ltd<\/strong><\/a> (\u201cPraveg\u201d) operates as an exhibition and event management company in India and Internationally. It is a multibagger, returning 104%, 154% and 885% YTD, in 1 year and 3 year periods respectively. Meaning, if you invested Rs. 1 lakh into Praveg at the start of this year, it would now be worth double at Rs. 2 lakh!<\/p><p>In a filing dated 11th October 2023, Praveg stated that the Company has received a Work Order from the Department of Tourism, U.T. Administration of Dadra &amp; Nagar Haveli and Daman &amp; Diu for Development and Operation of Damanganga Garden Kachigam, Daman. The contract is for 7 Years which may be further extendable up to 3 years as per the decision of the authority and shall exclude the period of development of project facilities i.e. for 6 months.<\/p><div class=\"trade-content_5\" id=\"trade-370269496\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The Damanganga Garden Kachigam project, which spans 89,500 square meters, will include 30 luxury eco-friendly resorts with a clubhouse, two banquet halls, spa, swimming pool, restaurant, exotic garden, fitness center, and other amenities. Praveg is in charge of two resorts in Daman, which can accommodate 68 guests altogether. The total number of rooms will rise to 98 with the addition of the Damanganga project.&nbsp;<\/p><p>The company&#8217;s resorts in Daman are all operating at full capacity. Praveg has seen over 3000 visitors to date, and the business anticipates strong demand for its rooms from travelers as the holiday season gets underway. <\/p><p>Praveg will now have 6 properties operating and 11 in development after the addition of this resort. The company wants to expand its network of luxurious resorts in India that are eco-friendly.<\/p><p>Speaking on the occasion, Mr. Vishnu Patel, Chairman &#8211; Praveg Limited said, <\/p><p>\u201cWe are delighted to receive the work order for developing and managing Praveg\u2019s Damanganga Kachigam resort at Daman. We are thankful to Diu Tourism department for reposing their faith on us. Earlier we won Lighthouse beach resort and Jampore resort that are currently operational and running at its optimum capacity. Once Damanganga Garden Kachigam project is operational, our guests will experience Praveg\u2019s world class eco responsible hospitality.\u201d<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sandeep R<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-1944974493\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-3332081200\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This S&amp;P BSE Smallcap Stock rose 1.7% within the first hour of markets opening after receiving an order from the Department of Tourism, U.T. Administration of Dadra &amp; Nagar Haveli and Daman &amp; Diu. The company has a market cap of Rs. 1,211 crore and is 11% away from its 52 week high, trading at [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":98559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[13131,13132,13130,948,936],"class_list":["post-111668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","tag-praveg-latest-news","tag-praveg-latest-order","tag-praveg-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Small-cap stock in green after it receives work order from tourism department - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This S&amp;P BSE Smallcap Stock rose 1.7% within the first hour of markets opening after receiving an order from the Department of Tourism, U.T. 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