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PVV Infra will trade as an ex-bonus stock in the stock market this week. The company is going to give 1 share bonus to investors on every share.
This is good news for those who do business in companies that offer bonus shares. This week PVP Infra Limited will offer ex-bonus stock in the stock market. The company has announced to give one share bonus on one share. Let us tell you that on Friday, the company's shares saw an upper circuit. Even after this, the share price remains below Rs 20.
In a filing to the stock exchanges on July 8, the company said that one share with a face value of Rs 10 will be given as a bonus. For this bonus issue, the company has fixed the ex-bonus date as August 20, 2024. That is, the benefit of bonus shares will be available only to those investors whose names are in the company's record book.
On June 21, the company was traded as ex-bonus stock
PVP Infra Limited is going to issue bonus shares for the second time. The company was traded as ex-bonus stock on June 21 this year. Then the company gave 1 share as bonus for every 5 shares. According to the information available on the BSE website, this company has not paid dividend even once.
The company's share price has been rising in the last few days. The share price has risen by 20 percent since August 9. On Friday, the company's shares hit an upper circuit. After which the share price was at the level of Rs 17.79 on BSE.
In the last one year, the share price of this company has increased by more than 60 percent. Let us tell you that the 52-week high of PVV Infra is Rs. 2.55 crore. 35.82. And the lowest level for 52 weeks is Rs. 10.29.
No advice has been given by Sandesh News regarding investment in the company.
