Multibagger penny stock at Rs 41.82; Board announces bonus shares in the ratio 1:5

The stock gave multibagger returns of over 250 per cent from its 52-week low is Rs 11.85 per share.

On Tuesday, shares of PVV Infra Ltd gained 2.8 per cent to Rs 41.82 per share from its previous closing of Rs 41.69. The stock’s 52-week high is Rs 43 and its 52-week low is Rs 11.85.

The Board of Directors of the company announced bonus shares in the ratio of 1:5 for the first time ever. Issue of 1 bonus share for every 5 equity shares held by the equity shareholders of the company as on 'Record Date' which will be announced in due course.

Earlier, PVV Infra Ltd.'s board approved setting up EV charging stations across India, aligning with their sustainability goals and causing a stock price surge. This decision follows rising demand for EV infrastructure, the potential for revenue generation, environmental benefits, and identified locations like petrol pumps. The company is partnering with experts and exploring financing options to implement this project and potentially benefit from government subsidies.

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PVV Infra Limited provides engineering, designing, planning, and execution of infrastructure work. The company owns, builds, operates, and transfers power-generating plants. PVV Infra also constructs houses, industrial parks, multiplexes, shopping complexes, and townships. The company has a market cap of Rs 95 crore. The stock gave multibagger returns of over 250 per cent from its 52-week low is Rs 11.85 per share. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.