New Delhi, June 2 -- Mulitbagger small-cap stock in focus: Shares of Praveg, a leading company with over thirty years of experience in tourism, hospitality, event management, and exhibitions, crashed 15% during Monday's session (June 2) as investors appeared disappointed with the company's March quarter numbers, sending the stock to a two-week low.
The company on Saturday reported a 68.9% drop in net profit to Rs.3.33 crore compared to Rs.10.55 crore in the December quarter. Total expenses surged to Rs.55 crore in Q4FY25 from Rs.41.5 crore in Q3FY25 and Rs.27 crore in Q4FY24.
The decline in net profit was attributed to a substantial increase in expenses, driven primarily by higher depreciation charges and finance costs associated with t...
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