1:1 Bonus Share Declared: Penny Stock Hits Upper, Lower Circuits; Shares Up 253% In 3-Yrs

Small cap company engaged in civil construction industry PVV Infra Ltd shares today witnessed both upper circuit and lower circuit in trade on July 8, 2024. PVV Infra shares announced 1:1 bonus share and approved increase in the Authorized share capital. Current market price of PVV Infra share on BSE is Rs 19.21 per share with intraday fall of 1.99%. PVV Infra shares slipped 13.87% in last 2-weeks and gained 253% in last 3-years. The small cap company has a market capitalisation of Rs 52.98 crore. The latest bulk deal for PVV Infra took place on July 4, 2024 on BSE. As per reports available, 146,100 shares were traded at an average price of Rs 20.22, according to Trendlyne. Check details below:

PVV Infra Declares Bonus Share: As per the BSE filing of PVV Infra issued today, "we wish to inform you that the Board of Directors of the Company at their meeting held today i.e. on Monday, July 08, 2024, inter-alia, considered and approved the following business items:

1. Issue of Bonus Shares: Issue of 1 (one) Bonus Share for every 1 (one) equity share held by the equity shareholders of the Company as on 'Record Date'. The Bonus Issue of equity shares is subject to the approval of the shareholders and other applicable statutory and regulatory approvals, as may be required. The Company will intimate the 'Record Date' for determining eligible Shareholders entitled to receive bonus shares, in due course of time."

2. Increase in Authorized Share Capital and altering the Memorandum of Association, subject to the approval of Members: Subject to approval of members of the Company, the Board has proposed to increase the authorized share capital of the Company from existing Rs. 30,00,00,000/- (Rupees Thirty Crores only) to Rs. 60,00,00,000/- (Rupees Sixty Crores only). In order to reflect the proposed change in Authorised Share Capital, the Board proposed consequential alteration in Clause V i.e. Capital Clause of Memorandum of Association.

3) Approved to hold the 29th annual general meeting of the Company on Friday, 2nd August, 2024.

Shareholding Pattern: Promoters have increased holdings from 6.54% to 26.65% in March 2024 quarter. FII/FPI have decreased holdings from 1.00% to 0.48% in March 2024 quarter. Number of FII/FPI investors remains unchanged at 1 in March 2024 quarter. Institutional Investors have decreased holdings from 1.00% to 0.48% in March 2024 quarter.

PVV Infra Share Performance: PVV Infra stock declined over 15% in last 90-days, jumped 14% year-to-date, surged over 68% in last 1-year, and zoomed 253% in last 3-years. In last 10-years, PVV Infra stock slipped over 47%. The 52-week high price of PVV Infra share on BSE is Rs 35.82 per share (as on 29/04/2024) and 52-week low price is Rs 10.00 per share (08/08/2023), respectively.

Bulk Deal In June: Earlier, a bulk deal for PVV Infra Ltd took place on June 21, 2024 on BSE. A total of 226,000 shares were traded at an average price of Rs 23.68.

About: PVV Infra offers engineering, designing, planning, and execution of infrastructure work. It owns, builds, operates, and transfers power generating plants. The company is also engaged in the construction of houses, industrial parks, multiplexes, shopping complexes, and townships, among others.

Disclaimer:

The stock highlights the bonus share, stock split and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.