1:5 Bonus: Penny Stock Issues Update On Bonus Share Allotment, Share Hits Upper Circuit

Small cap company operating in the civil construction industry PVV Infra Ltd shares today hit 5% upper circuit after the company issued update on bonus share allotment. Last trading price of PVV Infra share on BSE is Rs 29.10 per share with intraday gain of 4.83%. PVV Infra shares offered 98% return in last 1-year and 39% return year-to-date. Its market capitalisation stood at Rs 66.88 crore.

The company had on April 29, 2024 recommended bonus share in the proportion of 1:5 implying shareholders would be eligible to receive 1 bonus share for every 5 shares held as on the record date. PVV Infra fixed June 21, 2024 as the record date for bonus share. More details below:

PVV Infra Issues Update On Bonus Share Allotment: As per the regulatory filing of PVV Infra issued as on June 10, 2024, "Pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Regulations") we hereby inform you that a meeting of Board of Directors of the Company is scheduled to be held on Monday, 24 th June, 2024, inter alia,
1. To consider and approve the allotment of Bonus Shares to the Equity Shareholders of the Company."

PVV Infra Shareholding: 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, according to Trendlyne.

PVV Infra Share Performance & Return: The 52-week high price of PVV Infra share on BSE is Rs 43.00 per share (as on 29/04/2024) and 52-week low price is Rs 12.01 per share (08/08/2023), respectively. PVV Infra share declined 12% in last 2-weeks, gave return of 12% in last 6-months, soared 33% in last 2-years, and offered return of 420% in last 3-years. In last 10-years, PVV Infra shares declined over 9%.

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 issue 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.