1:5 bonus share: Turnaround story in this multibagger penny stock below Rs 35; PAT zooms over 15,000 per cent!
The stock gave multibagger returns of over 180 per cent from its 52-week low is Rs 11.85 per share.
Today, shares of PVV Infra Ltd were locked in a 5 per cent lower circuit 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.
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.
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.
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Furthermore, 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.
The company has a market cap of Rs 77 crore. The stock gave multibagger returns of over 180 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.
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