Double Dhamaka: Multibagger penny stock at Rs 22.50 - Board likely to announce bonus shares & stock split after 1:5 bonus shares!
The stock gave multibagger returns of 225 per cent from its 52-week low is Rs 10 per share.
Today, shares of PVV Infra Ltd plunged 1.10 per cent to Rs 22.50 per share from its previous closing of Rs 22.75. The stock’s 52-week high is Rs 35.82 and its 52-week low is Rs 10.
PVV Infra Limited informed that the meeting of the Board of Directors of the company will be held on Monday, July 08, 2024 inter-alia to consider and approve the following:
- To consider and fix the date, time and venue of the 29th Annual General Meeting and approve the Director’s report along with annexures.
- To consider and approve Book closure for the purpose of the 29th Annual General Meeting.
- To increase the authorised share capital of the company.
- To consider the proposal of issuance of fully paid bonus equity shares to the equity shareholders of the company.
- To consider the stock split of the face value of the equity shares of the company.
PVV Infra Limited, a multifaceted infrastructure company with expertise in engineering, design, planning, and construction, has expanded its portfolio to include electric vehicle (EV) charging stations across India. This decision, driven by the growing demand for EV infrastructure, the potential for new revenue streams, and environmental benefits, aligns with the company's commitment to sustainability. The plan involves leveraging existing partnerships with industry experts to identify strategic locations like petrol pumps for station installation. To ensure smooth implementation, PVV Infra is exploring financing options and potential government subsidies to make this project a success.
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In its Quarterly Results, the company reported net sales of Rs 12.15 crore in Q4FY24 compared to net sales of Rs 20.17 crore in Q4FY23. The company reported a turnaround net profit of Rs 1.83 crore in Q4FY24 compared to a net loss of Rs 0.76 crore in Q4FY23, an increase of 340 per cent.
According to its annual results, the net sales increased by 133.7 per cent to Rs 87.92 crore and net profit increased by 15,350 per cent to Rs 3.09 crore in FY24 compared to FY23.
Furthermore, the shares of the company ex-traded bonus shares in the ratio of 1:5 for the first time. Issue of 1 bonus share for every 5 equity shares held by the equity shareholders of the company as of 'Record Date which was Friday, June 21, 2024
The company has a market cap of Rs 62 crore. The stock gave multibagger returns of 225 per cent from its 52-week low is Rs 10 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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