Domestic brokerage firm Monarch Networth Capital has initiated coverage on the Praveg stock with a target price of ₹1,130, which signals an upside potential of 26% from the stock's recent closing price of ₹895.70.
Shares of Praveg, a leading company with over thirty years of experience in the tourism, hospitality, event management, and exhibition sectors, have been on a downward trend since the beginning of 2024, resulting in a 30 per cent decline from its recent all-time high of ₹1,300 per share.
However, recent projections made by the domestic brokerage firm Monarch Networth Capital suggest that the stock may soon reverse course. The company is emerging as a key player in the hospitality sector with a cost-efficient model, positioning it to outperform its hotel industry peers.
Initially known for marquee events like the White Rann Festival and Vibrant Gujarat, Praveg ventured into the hospitality sector in 2015, focusing on creating experiential staycation options in culturally rich and environmentally unique locations.
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Monarch Networth Capital Limited (‘MNCL’) | CIN No.: L64990GJ1993PLC120014
(As per LODR Regulations and Companies Act, 2013)
Contact information of the designated officials of the listed entity who are responsible for assisting and handling investor grievances : Mr. Nitesh Tanwar
Monarch Networth Capital Limited
Unit No. 803-804A, 8th Floor, X-Change Plaza, Block No. 53, Zone 5, Road-5E, Gift City, Gandhinagar - 382050, Gujarat
Ahmedabad
“Monarch House”, Opp Prahladbhai Patel garden, Near Ishwar Bhuvan, Commerce Six Roads, Navrangpura, Ahmedabad – 380009
Mumbai
Monarch Networth Capital Limited, G Block, Laxmi Tower, B Wing, 4th Floor, Bandra Kurla Complex, Bandra East, Mumbai - 400051.
Phone: 022 - 66476400 / 66476405
Email: cs@mnclgroup.com
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| Sr.no | Particulars | Remarks |
|---|---|---|
| 1 | Name Of Compliance Officer | Nikhil Bhupendrakumar Parikh |
| 2 | Educational qualification | BSc hons (Phy) , CNE , CNA , MBA |
| 3 | Past Experience | 16 Years before joining Monarch on 06/04/2017 |
| 4 | Certification (NISM-Series-III A) | Provided |
| 5 | Date of Expiry of Certificate | 10-04-2026 |
| 6 | Date of Renewal of Certificate | 28-03-2023 |
| 7 | Half-yearly trainings Provided or Not | Yes |
| 8 | Date of Appointment | 15-05-2017 |
| 9 | Approval from BOD/Partners for Appointment | 28-04-2017 |
| 10 | Last date of previous compliance officer | 14-05-2017 |
| 11 | Duration for which office was vacant | None |
| 12 | Intimation of change to Exchange Sent or not | Yes |
| 13 | List of Allotted Trading Terminals - For Compliance Officer & its Team | None |
