Small-cap stock Pavna Industries jumped over 11% in intraday trade on Monday (September 8) amid a recovery in the Indian stock market. Pavna Industries share price opened at ₹34.55 against its previous close of ₹34.55 and surged 11.43 per cent to hit its intraday high of ₹38.50 on the NSE. However, the stock pared gains as around 10:30 am, the small-cap stock traded nearly 6 per cent up at ₹36.60. Equity benchmark Nifty was 0.25 per cent up at 24,802.10 at that time.
Pavna Industries share price trend
Pavna Industries share price has been under pressure this year so far, falling over 23 per cent. Over the last year, the stock has incurred a loss of over 15 per cent.
The small-cap stock hit a 52-week high of ₹75.95 on October 14 last year, followed by a 52-week low of ₹29.33 on March 3 this year.
The stock turned ex-split recently on September 1 after the sub-division of one equity share of the face value of ₹10 each into 10 equity shares of face value of ₹1 each.
(This is a developing story. Please check back for fresh updates.)
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