1:1 Bonus Share: Penny Stock Issues Bonus Share Allotment Update, Shares Hit Upper Circuit

Small cap company operating in civil construction industry, PVV Infra Ltd shares today hit second consecutive upper circuit. Current market price of PVV Infra shares on BSE is Rs 17.79 per share with gain of 4.96%. PVV Infra shares offered gained over 20% in last 1-week only and zoomed 61% in last 1-year. PVV Infra shares are all set to go ex-bonus on August 20, 2024 in the proportion of 1:1. The company's market capitalisation is Rs 51.19 crore. Check key details below:

PVV Infra Gives Bonus Share Allotment Update: As per the regulatory filing of PVV Infra issued as on August 16, 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 Wednesday, 21 th August, 2024, inter alia,

1. To consider and approve the allotment of Bonus Shares to the Equity Shareholders of the Company.

PVV Infra Shares Fixed August 20 As Record Date: According to the exchange filing of PVV Infra dated 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 fell more than 39% in last 3-months, gained 37% in last 2-years, offered return of 225% in last 3-years, and slipped over 4% 5-years. 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.

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.

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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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.