In the dynamic world of stock markets, one particular stock has emerged as a standout performer, showcasing a staggering surge of 44,310% over the past five years. Fueled by its strategic connection to Ayodhya and heightened anticipation surrounding the upcoming Ram Mandir consecration ceremony, this stock has become a magnet for investor wealth.
Multibagger Growth Over Half a Decade
From a modest 2 rupees to a peak of 1134 rupees, Praveg Limited’s stock has demonstrated multibagger growth, captivating investors with its meteoric rise and substantial returns.
Recent Performance Highlights
With a 195% return in the last year and a 127% gain in the past six months, Praveg Limited’s stock has not only turned heads but has also transformed investors into millionaires, showcasing its consistent upward trajectory.
Recent Month Surge and Market Stats
In the recent month, the stock surged by 63%, closing at approximately 413.80 rupees. Praveg Limited currently commands a market capitalization of 2440 crore rupees, with a 52-week high of 1300 rupees and a low of 336 rupees.
Ayodhya Connection and Forward-Looking Projects
Praveg Limited, the mastermind behind this stock’s success, has strategically positioned itself with a luxury resort in Ayodhya and plans for a tent city around the Ram Janmabhoomi site. Investors are optimistic about the company’s future, especially with projects slated for Varanasi and Lakshadweep.
Anticipation for the Consecration Ceremony
With the much-anticipated consecration ceremony at the Ram Mandir on January 22, 2024, investors are eagerly anticipating a positive impact on Praveg Limited’s stock, adding another layer of excitement to this success story.
Robust Financial Performance
- Reduced debt, achieving near debt-free status.
- Strong profit growth with a CAGR of 182% over the last 5 years.
- Impressive return on equity (ROE) track record: 3 Years ROE at 48.3%.
- Consistent and healthy dividend payout ratio of 64.1%.
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