Multibagger penny stock under Rs 20: This micro-cap civil construction company is setting up EV charging stations at various locations at Pan India level for long-term goals!
The stock’s 52-week high is Rs 21.5 and its 52-week low is Rs 11.85.
On Monday, shares of PVV Infra Ltd were locked in 5 per cent to Rs 17.68 per share from its previous closing of Rs 16.84. The stock gave multibagger returns of 180 per cent in 2 years.
The Board of Directors of the company approved the setup and operation of electric vehicle (EV) charging stations at various locations across India with the company's long-term goals and mission to support sustainable development which was the main reason for the sudden rise in stock price.
Key points highlighted in the Board meeting for setting up EV charging stations are as follows:
- The need for EV infrastructure is growing rapidly, with an increasing number of EVs on the road in India.
- The potential for revenue generation from EV charging services.
- The positive environmental impact of promoting electric mobility.
- An overview of the proposed locations for the charging stations.
The company is setting up EV charging stations across India in anticipation of increased demand in the near future. The company is identifying locations such as petrol pumps, public places, parking lots, and state transport depots. The company is also working with industry experts, consultants, and equipment leasing and financing companies to implement the project. The company is also exploring government subsidies for setting up EV charging stations.
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 19.61 crore.
The stock’s 52-week high is Rs 21.5 and its 52-week low is Rs 11.85. 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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