Key Points
Shares of Praveg, a multibagger smallcap stock, rallied 5% after Finance Minister Nirmala Sitharaman announced comprehensive development of tourist centres..
Praveg recently received a work order for the development of tents at Agatti Island in Lakshadweep, known for its diverse aquatic life and vibrant festivals..
Shares of multibagger smallcap stock Praveg today rallied up to 5% to day's high at Rs 1,025 on BSE after Finance Minister Nirmala Sitharman announced comprehensive development of tourist centres including in Lakshadweep.. "To address the emerging fervour for domestic tourism, projects for port connectivity, tourism infrastructure, and amenities will be taken up on our islands, including Lakshadweep..
The statement placed the spotlight on Praveg which had last month received a work order for development of operation, maintenance and management of at least 50 tents at Agatti Island in the Union Territory of Lakshadweep...
The rich and diverse culture of the islands population is displayed through high-spirit and vibrant festivals and celebrations held in this place," Praveg had said.. With the addition of these properties, Praveg will now have 9 properties in operation and 12 under development...
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Smallcap stock with Lakshadweep connection flies 20% higher
08, Jan, 24Praveg, which runs luxury resorts in tourist locations like Rann of Kutch, had last month received a work order for the development of operation, maintenance, and management of at least 50 tents at Agatti Island in the Union Territory of Lakshadweep.
Lakshadweep's ₹4,500-cr makeover: Airport expansion, new Taj resorts to help island take on Maldives
08, Feb, 24The government has awarded a ₹4,500-crore contract to L&T for the expansion of Agatti airport runway to 2,800 metres. A Greenfield airport at Minicoy Island, which lies next to the Maldives, is also on the cards.