{"id":116947,"date":"2024-01-09T09:53:18","date_gmt":"2024-01-09T04:23:18","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=116947"},"modified":"2024-01-09T09:53:23","modified_gmt":"2024-01-09T04:23:23","slug":"stocks-that-might-benefit-from-tourism-boost-to-lakshadweep-by-pm-modi","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stocks-that-might-benefit-from-tourism-boost-to-lakshadweep-by-pm-modi\/","title":{"rendered":"Stocks that might benefit from tourism boost to Lakshadweep\u00a0by PM Modi"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1793472244\"><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>Recently Honorable Prime Minister Mr. Narendra Modi visited Lakshadweep and posted a picture from there on Instagram commenting, \u201cFor those who wish to embrace the adventurer in them, Lakshadweep has to be on your list\u201d.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1290044007\"><!-- 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>Following this three deputy ministers in the Ministry of Youth Affairs in Maldives, Maryam Shiuna, Malsha Shareef, and Mahzoom Majid made negative comments about India and the Prime Minister following his recent visit to Lakshadweep.&nbsp;<\/p><p>In reply to their negative comments, Indians and people all over the world started boycotting the visit to Maldives, and Easy trip planners also suspended their travel booking to Maldives.&nbsp;<\/p><h3 class=\"wp-block-heading\" id=\"h-here-are-some-of-the-stocks-that-may-benefit-from-the-tourism-boost-that-can-occur-in-the-islands-of-lakshadweep\"><strong>Here are some of the stocks that may benefit from the tourism boost that can occur in the islands of Lakshadweep.\u00a0<\/strong><\/h3><h4 class=\"wp-block-heading\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/531637\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Praveg<\/a><\/strong>\u00a0<\/h4><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_5\" id=\"trade-1641368217\"><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>Praveg Limited has recently received 3 work orders from the Department of Tourism, Lakshadweep for the Operation, development, Maintenance, and Management of Hospitality tents in Lakshadweep. These developments will help Praveg Limited to benefit from the tourism boost in Lakshadweep.&nbsp;<\/p><p>In the day\u2019s trade, the shares of Praveg Limited were trading at Rs. 1,158, up 13.98 percent from its previous day\u2019s close price of Rs. 1,015.95 and its market capitalization is Rs. 2,650 Crores. It has delivered multi-bagger returns of 262 percent in a year and 132 percent in the last six months.\u00a0<\/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, and increased profits of Rs. 12.24 Crores to Rs. 28.43 Crores.&nbsp;<\/p><h4 class=\"wp-block-heading\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/EASEMYTRIP\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Easy Trip Planners<\/a><\/strong>\u00a0<\/h4><p>Easy Trip Planners offers a range of travel-related products and services like reservation and booking services for travel and tourism, under its flagship brand called Ease My Trip.&nbsp;<\/p><p>Easy Trip Planners is an efficient travel-related bookings provider for hospitality, travel, and many more and it has recently suspended the tourns from its booking to Maldives, which may be a strategic move to support tourism in Lakshadweep.<\/p><p>In the day\u2019s trade, the shares of Easy Trip Planners Limited were trading at Rs. 43.75, up 0.95 percent from its previous day\u2019s close price of Rs. 43.35 and its market capitalization is Rs. 7,766 Crores\u00a0<\/p><div class=\"trade-content-10\" id=\"trade-1782930513\"><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><p>Its revenue from operations grew 90.69 percent from Rs. 235.37 Crores in FY22 to Rs. 448.83 Crores in FY23, accompanied by increasing profits of Rs. 105.92 to Rs. 134.2 Crores.&nbsp;<\/p><h4 class=\"wp-block-heading\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/INDHOTEL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">The Indian Hotels Company<\/a><\/strong>\u00a0<\/h4><p>Indian Hotels Company Limited is India&#8217;s largest hospitality company by market capitalization and part of the great Indian conglomerate Tata Group and it is engaged in the business of owning, operating &amp; managing hotels, palaces, and resorts.&nbsp;<\/p><p>Indian Hotels Company Limited has two Taj resorts in Lakshadweep, 110-room resorts each on the Suheli and Kadmat islands. It can be benefited as it provides one of the best hospitality services around the world.&nbsp;<\/p><p>In the day\u2019s trade, the shares of Indian Hotels Company Limited were trading at Rs. 453.65, up 0.44 percent from its previous day\u2019s close price of Rs. 451.65 and its market capitalization is Rs. 64,444 Crores.\u00a0<\/p><p>Its revenue from operations grew 90.01 percent from Rs. 3,056.22 Crores in FY22 to Rs. 5,809.91 Crores in FY23, accompanied by a loss of Rs. 247.72 Crores to a profit of Rs. 1,002.59 Crores.&nbsp;<\/p><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\"><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-after-content\" id=\"trade-951543015\"><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>Recently Honorable Prime Minister Mr. Narendra Modi visited Lakshadweep and posted a picture from there on Instagram commenting, \u201cFor those who wish to embrace the adventurer in them, Lakshadweep has to be on your list\u201d.&nbsp; Following this three deputy ministers in the Ministry of Youth Affairs in Maldives, Maryam Shiuna, Malsha Shareef, and Mahzoom Majid [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":116948,"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":[1513,31],"tags":[15838,15839,948,936],"class_list":["post-116947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-pick","category-news","tag-boycott-maldives","tag-lakshadweep-vs-malives","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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