Multibagger penny stock: The country’s leading Eco luxury resorts company Praveg (Praveg) has performed brilliantly in the stock market in recent years. However, the stock has seen a lot of correction from its recent peak. Despite this, it is trading over a great edge. Five years ago, the stock was priced at Rs 2.35, which is currently trading at Rs 703. In this sense, there has been an increase of 29,814 % in the company’s shares.
If an investor would have invested Rs 1 lakh in this stock 5 years ago and he would have been maintained till now, then his investment would have increased to 3 crores. It is clear that if the correct option is placed in the stock market, then it is likely to increase manifold. The annual performance of this stock has been continuously improved and makes it more special.
In 2019, this stock increased by more than 50 %. After this, in 2020 and 2021, this company gave a return of 1,086% and 210% respectively. In the year 2022, it rose by 79 % and in 2023 it had a rise of 166.70 %. However, in the last year i.e. 2024, there was a profit booking in this stock and the company’s shares showed 1 % decline. Currently, it is trading at 46 % discount from its all -time high of Rs 1,300. The company touched the all -time high figure in January 2024.
In October 2024, the company’s stock reached its recent level of Rs 641.50 and is currently trading up 10 % from this level. However, if we talk about the big picture, then the excellent boom in the stock is the company’s business model, which works with asset-light approach and this is leading to a big change in the hospitality sector. Due to her unique business model, Praveg is emerging as a prominent player in the hospitality sector.
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