PVV Infra Limited, a small cap civil construction company, saw significant trading activity today as its shares surged by 2%, hitting an upper circuit.
The intraday high reached Rs 19.99.
The rise in share price follows the company’s announcement of issuing bonus shares in a 1:1 ratio, meaning shareholders will receive one free equity share for every one share held.
However, the company has yet to announce the ‘record date’ for eligibility.
Performance and Market Overview
PVV Infra shares have shown volatility, declining by 13.87% over the past two weeks but gaining an impressive 253% over the last three years.
In the past year alone, the shares have risen by 76%.
The stock’s 52-week high stands at Rs 35.82 and its low at Rs 10.
The company’s current market capitalization is Rs 55.13 crore.
Notably, promoter stake has increased from 6.54% to 26.65% in the March 2024 quarter, while FII/FPI holdings decreased from 1.00% to 0.48%.
Company Overview and Business Focus
PVV Infra Limited specializes in installing solar energy panels on rooftops, offering end-to-end EPC services and comprehensive energy management solutions.
The company caters to industrial, residential, commercial, and floating solar rooftop systems across India.
It benefits from various rooftop solar schemes initiated by both central and state governments,
highlighting its strategic positioning in the renewable energy sector.
