Following Prime Minister Narendra Modi’s visit to Lakshadweep, the small-cap stock Praveg experienced a surge of up to 39%. Investors are optimistic about Praveg benefiting from the ‘Chalo Lakshadweep’ campaign amid the India-Maldives dispute. Praveg has recently received a work order for developing luxury resorts on Agatti Island, contributing to the expansion of its portfolio to nine operational properties. In response to the controversy, Easy Trip Planners ceased flight bookings to the Maldives and recommended exploring Lakshadweep. The Maldives government took action by suspending three ministers who had made disparaging remarks about PM Modi.
Source: Times of India/TOI