1:5 Bonus Issue Record Date, Allotment: Multibagger Infra Penny Stock Rises 6% This Week; 2X Returns In 1 Yr

Multibagger infra penny stock, PVV Infra despite hitting a 2% lower circuit for two straight sessions, ended the weekly trade from June 10-14 on a bullish note with gains of over 6%. The stock is multi-bagger and has given double-digit returns in 2024 so far. But in a year, the stock more than doubled aka 2x investors' money.

PVV Infra Share Price:

PVV stock stood at Rs 30.80 apiece on BSE with a market cap of Rs 70.78 crore. The stock's 52-week high and low are at Rs 43 apiece and Rs 12.01 apiece respectively.

YTD, the stock is up by 47% on BSE, while in a year, the stock rallied by 128%.

PVV Infra Bonus Issue:

The company has fixed June 21, 2024, as the record date to ascertain the eligibility of shareholders entitled to the issuance of bonus shares by the Company. The bonus issue is in the ratio of 1:5.

The ratio means that the company will issue 1 (one) Bonus Share for every 5 (Five) Equity Shares held by the Equity Shareholders.

The Bonus Shares once allotted shall rank pari-passu in all respects and carry the same rights of the existing Equity Shares and shall be entitled to participate in full in any dividend and either corporate action(s), recommended and declared after the issue and allotment of such Bonus Shares.

PVV Infra has scheduled a meeting on June 24, 2024, to consider and approve the allotment of bonus shares.

About PVV Shares:

PVV Infra is engaged in infrastructure business like multi-storied commercial and residential buildings, landscaping, duplex housing and housing for EWS, low, middle and high-income groups.

The company was incorporated on July 07, 1995, in the name and style of Twin Cities Infotech Private Limited. Subsequently, the name of the company was changed to Twin Cities Infotech Limited on February 17, 2000, and then changed to Sambhav Info-Infra Limited on January 17, 2008 and changed to Sambhav Infra (India) Limited on November 18, 2009 to Thirthankar Infra Limited and on August 30, 2010 and finally changed to PVV Infra Limited on 7th October, 2014.