Pavna Industries bounces back after 3-day losing streak
Pavna Industries's shares shot up nearly 15% to ₹42.50 on Tuesday, snapping a three-day losing streak.
Trading volume was huge—about 10 lakh shares changed hands, more than triple the recent average—showing investors are paying attention even when the broader market is shaky.
Pavna makes key auto parts like ignition switches
Pavna makes key auto parts like ignition switches and fuel tank caps for big names such as Bajaj Auto, Honda, and TVS Motor.
Just earlier this month (September 1), they did a 1:10 stock split to make their shares easier to buy and sell.
The company just signed an agreement with Tamil Nadu
The company just signed an agreement with Tamil Nadu to build a new plant at Future Mobility Park, aiming to ramp up production and grow its presence in the auto sector.
Even though Pavna's stock dropped 20% over the past year, it's still delivered over 100% returns in the last three years—a reminder that growth stories can have ups and downs.