Bonus Share: Shares of PVV Infra Limited, a small cap civil construction company, were in focus during trading on Monday. The company’s shares hit an upper circuit of 2% today. The company’s shares had reached an intraday high of Rs 19.99. There is a big announcement behind this rise in shares. Actually, the company has announced bonus shares in the ratio of 1:1. This means that for every 1 (one) share held by the shareholder, 1 (one) equity share will be given free of cost. However, the company has not yet announced the ‘record date’.
condition of shares
PVV Infra shares have fallen 13.87% in the last 2 weeks and have risen 253% in the last 3 years. These shares rose by 76% in a year. Its 52 week high price is Rs 35.82 and 52 week low price is Rs 10. The market cap of the small cap company is Rs 55.13 crore. Promoters’ stake has increased from 6.54% to 26.65% in the March 2024 quarter. FII/FPI have reduced their holdings from 1.00% to 0.48% in the March 2024 quarter. The number of FII/FPI investors remains unchanged at 1 in the March 2024 quarter. Institutional investors reduced holdings from 1.00% to 0.48% in the March 2024 quarter.
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company business
Let us tell you that PVV Infra Limited is an infrastructure company. It specifically involves the installation of solar energy panels on the roof. The company provides end-to-end EPC services and complete energy management solutions for installation of industrial, residential, commercial and floating solar rooftop systems across India. The company is getting the benefits of various rooftop solar schemes launched by the Central and State Governments.
