{"id":115963,"date":"2023-12-21T14:12:00","date_gmt":"2023-12-21T08:42:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=115963"},"modified":"2023-12-21T14:05:26","modified_gmt":"2023-12-21T08:35:26","slug":"multibagger-stock-receives-a-work-order-from-the-department-of-tourism-of-lakshwadeep","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-stock-receives-a-work-order-from-the-department-of-tourism-of-lakshwadeep\/","title":{"rendered":"Multibagger stock receives a work order from the Department of Tourism of Lakshwadeep\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2502995143\"><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>Multibagger Stock engaged in the business of hospitality, publications, and many more in green after it received a work order from the Department of Tourism of Lakshwadeep, which would expand its operations and presence.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1640603947\"><!-- 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>At 12:23 p.m. the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/531637\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Praveg Limited<\/a><\/strong> were trading at Rs. 656.20, up 1.15 percent from its previous day\u2019s close price of Rs. 648.75 and its market capitalization is Rs. 1,490 Crores. It has delivered multi-bagger returns of 176 percent.\u00a0<\/p><p>Praveg Limited has received a work order from the Department of Tourism, U.T. Administration of Lakshwadeep for the Development, Operation, Maintenance, and Management of at least 50 tents with restaurants, cloakrooms, changing rooms, and other facilities at Agatti Island, UT of Lakshwadeep. The work order is for three years and can be extended to another 2 years.&nbsp;<\/p><p>Speaking on the occasion, Mr. Vishnu Patel, Chairman of Praveg Limited said, We are delighted to receive the work order for Development, Operation, Maintenance, and Management at Agatti Island, UT of Lakshwadeep.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1508759904\"><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>We are thankful to Lakshwadeep Tourism Department for reposing their faith in us. Once Praveg Tent City, Agatti Island project is operational, our guests will experience Praveg\u2019s world-class eco-responsible hospitality.&nbsp;<\/p><p>With this recent expansion, Praveg now has a substantial portfolio of 580 operational rooms spread across multiple states. The project estimates an impressive occupancy rate of 55-60 percent and an average room rate of INR 9500-12500.&nbsp;<\/p><p>By combining luxury with eco-responsibility and highlighting the unique cultural and natural aspects of Agatti Island, Praveg aims to solidify its position in the hospitality industry and attract travelers seeking a distinctive and sustainable getaway.&nbsp;<\/p><p>With the addition of this resort, Praveg will now have 9 properties in operation and 10 under development. The company aims to add more eco-responsible luxury resorts across India further.&nbsp;<\/p><p>The company\u2019s revenue from operations grew 86.7 percent from Rs. 45.25 Crores in FY22 to Rs. 84.48 Crores in FY23, accompanied by increasing profits of Rs. 12.24 Crores to Rs. 28.43 Crores.&nbsp;<\/p><p>Praveg Limited is primarily engaged in the business of hospitality, publications, and real estate marketing and has core competence in Exhibition and Event Management.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-3021036390\"><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><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter\"><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-after-content\" id=\"trade-1315714545\"><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>Multibagger Stock engaged in the business of hospitality, publications, and many more in green after it received a work order from the Department of Tourism of Lakshwadeep, which would expand its operations and presence.&nbsp; At 12:23 p.m. the shares of Praveg Limited were trading at Rs. 656.20, up 1.15 percent from its previous day\u2019s close [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":31386,"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":[31,1789],"tags":[2660,3912,2843,13131,13132,13130,948,936],"class_list":["post-115963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-multibagger-stock","tag-multibagger-stock-to-watch","tag-multibagger-stocks-india","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) - 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