1:1 Bonus Issue: Penny Stock Set To Go Ex-Bonus Next Week, Shares Hit Upper Circuit

Small cap company engaged in civil construction industry PVV Infra Ltd shares on August 14 hit upper circuit. Current market price of PVV Infra shares on BSE is Rs 16.95 per share with intraday gain of 4.95%. PVV Infra shares will trade ex-bonus in the ratio of 1:1 on August 20, 2024. Its market capitalisation stood at Rs 48.78 crore. PVV Infra shares offered shareholders return of 12% in last 1-week, declined 42% in last 3-months, and zoomed 196% in last 3-years. Check details below:

PVV Infra Shares To Go Ex-Bonus On August 20: As per the regulatory filing of PVV Infra issued as on August 7, 2024, "Board of Directors of the Company for issue of bonus shares to the shareholders in the ratio of 1 (One) new fully paidup equity share of Re. 10/- (Rupee Ten Only) each for every 1 (One) fully paid-up Equity Shares of Re. 10/- (Rupee Ten only), subject to the approval of the shareholders of the Company.

Further, the shareholders of the Company have approved aforesaid issue of bonus shares by passing an ordinary Resolution through Annual general Meeting, of which scrutinizers report announced on 3 rd August 2024. Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed Tuesday, 20th August, 2024 as the record date for the purpose ascertaining the eligibility of shareholders entitled for issuance of bonus shares by the company."

Bulk Deal: As per details available at Trendlyne, "the latest bulk deal for PVV Infra took place on August 14, 2024 on BSE. 200,000 shares were traded at an average price of Rs 16.95.

Shareholding Pattern: Promoters holding remains unchanged at 26.65% in June 2024 quarter. FII/FPI have decreased holdings from 0.48% to 0.09% in June 2024 quarter. Number of FII/FPI investors remains unchanged at 1 in June 2024 quarter.

PVV Infra Share Performance: PVV Infra shares slipped over 42% in last 3-months, gained 56% in last 1-year, zoomed 29% in last 2-years, and offered return of 196% in last 3-years. In last 10-years, PVV Infra stock slipped over 39%. 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 10.29 per share (18/08/2023), respectively.

PVV Infra Financials: The company for the quarter ended June 2024 declared its net profit at Rs 4.82 crore, up 48,100% as against the net profit of Rs 0.01 crore declared in the corresponding quarter of last year. PVV Infra announced a fall of 36.87% in its sales to Rs 21.39 crore for the June quarter as compared to Rs 33.88 crore announced in the similar quarter of last year.

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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