The stock gave multibagger returns of 242 per cent in just 1 year, 2,000 per cent returns in 2 years and a whopping 5,000 per cent returns in 3 years.

In a recent press release, Praveg Limited announced the inauguration of "Praveg’s Grand Eulogia" hotel on Sindhu Bhavan Road, Ahmedabad, on November 1, 2023. The company closed the trading day with a notable gain of +8.55%, concluding at a price of Rs 608.35. The substantial volume surge can be attributed to the execution of four substantial bulk deals on the same day, substantiating heightened investor interest and robust market activity in Praveg Limited's shares.

The stock gave multibagger returns of 142 per cent in just 1 year, 250 per cent in 2 years and whopping 545 per cent in 3 years.

The broader market sentiment continues to exude positivity, with approximately 2017 stocks advancing, clearly outweighing the 1048 stocks in decline. This paints an overall optimistic picture for the broader market.

IPO Rating: Apply for the long-term 

At 10:30 am, the frontline index S&P BSE Sensex stood at 64,476.15, signifying a gain of 395.25 points or 0.61 per cent over its previous closing of 64,080.90.

The stock gave multibagger returns of 270 per cent in just 1 year whereas BSE Sensex Index is up by 13.35 per cent.

Over the past year, the stock has surged by nearly 87 per cent, and it currently trades at a PE ratio of 10.8x. Notably, Rekha Jhunjhunwala, the wife of the late Shri Rakesh Jhunjhunwala, holds an 8.04 percent stake in the company.

Shares of the company have gained about 230 per cent in the last six months.

The stock has gained more than 100 per cent in the last one year.