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PSU stocks IRFC, RVNL and Mazagon Dock surged up to 13 percent in intra-day deals on Tuesday to hit their respective new highs ahead of the 2024 Interim Union Budget.
Praveg, 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.
Abhay Agarwal says: “On-ground managers like us, we are always looking for opportunities where in a bull market, there is still a bear market going on. That is where we frankly find our multibaggers, so to say, because in a large market, not everything is caught up in a bull rally and not everything is overpriced. There are sectors, there are segments that are not.”
Hospitality and travel-related stocks gave handsome returns to investors due to the strong rebound in discretionary spending, and RateGain Travel was one among them.
A review of the historical performance of smallcap stocks in January showed that at least seven of them have given positive returns for five consecutive years.