FII-Backed Penny Stock Likely To Declare Bonus Issue, Stock Split On July 8

Small cap company engaged in civil construction industry PVV Infra Ltd shares declined over 17% in 2-weeks but rallied more than 70% in last 1-year. Board of Directors of PVV Infra will hold meeting of Board of Directors on July 8, 2024 to consider bonus share and stock split. Last trading price of PVV Infra share on BSE is Rs 19.60 per share. 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 apiece. Promoters have increased holdings from 6.54% to 26.65% in Mar 2024 qtr. 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. Check details below:

PVV Infra Ltd To Consider Bonus Share, Stock Split On July 8: As per the BSE filing of PVV Infra Ltd June 26, "the meeting of Board of Directors of the Company will be held on Monday, July 8, 2024 inter-alia to consider and approve the following:
1.. To consider and fix the date, time and venue of 29 th Annual general meeting and approve the Director's report along with annexures
2. To consider and approve Book closure for the purpose of the 29 th Annual general meeting
3. To increase Authorised share capital of the Company
4. To consider the proposal of issuance of fully paid bonus equity shares to the Equity shareholders of the Company.
5. To consider the split of face value of the Equity shares of the company."

PVV Infra Share Performance: PVV Infra share slipped 15% in last 3-months, gained 12% year-to-date, zoomed over 70% in last 1-year, and gained 300% in last 3-years. In last 10-years, PVV Infra stock dived 51%. The 52-week high price of PVV Infra share on BSE is Rs 35.82.00 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.

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