DSIJ Mindshare

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!
Kiran Shroff
/ Categories: Trending, Penny Stocks

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:

  1. The need for EV infrastructure is growing rapidly, with an increasing number of EVs on the road in India.
  2. The potential for revenue generation from EV charging services.
  3. The positive environmental impact of promoting electric mobility.
  4. 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. 

DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.

Previous Article 20 per cent upper circuit and 52-week high alert: This multibagger electrical equipments company reports a 173 per cent jump in net profit!
Next Article 6,500 per cent returns in this multibagger stock & FIIs increase stake: Board announces stock split for the first time; don’t miss the record date!
Print
18318 Rate this article:
3.8
Please login or register to post comments.
DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR