Latest news with #PavnaIndustriesLimited
India.com
5 days ago
- Business
- India.com
This company shares in focus as company forms JV with Taiwan-based firm
ओमांश इंटरप्राइजेज लिमिटेड का शेयर बना रहा मालामाल Shares of Pavna Industries Limited will be in focus when markets open on Monday as the company has informed exchanges that it has formed a joined venture with with Taiwan-based SmartChip Microelectronic Corporation. The company said that the new joint venture company will make electronic components for the automobile industry and others. 'The proposed Joint Venture (JV) Company to carry on the business of inter alia making electronic components for the automobile industry (ICE & EV) and for other industries like hardware for cupboard/door locks etc. in residential/commercial industries, aero, medical etc.,' the company said in the filing. As per the information share, the proposed shareholding structure for the joint venture underscores Pavna Industries Limited's significant control, with the company holding a majority stake of 80 per cent. The Taiwan-based company will own the remaining 20 per cent. The authorised and paid-up capital of the company shall be Rs 5,00,000 divided into 50,000 equity shares of Rs 10 each. 'The Equity Shares of proposed Joint Venture Company will be subscribed at a price of Rs. 10/- each by Pavna Industries Limited and Smartchip Mircoelectronic Corporation,' it further stated. The counter ended in the red in the last trading session, falling 2.03 per cent to Rs 410.35 compared to the previous close of Rs 418.85. This is part of a larger trend in the stock's performance. The 52-week high of the stock is Rs 759.55, hit on October 14, 2024, and the 52-week low is Rs 295.20. These figures provide a broader perspective on the stock's performance, indicating its potential for growth and the level of risk associated with it. According to the BSE Analytics, the stock has delivered a return of 86 per cent in two years. However, it has corrected 21 per cent in one year and 69 per cent so far this year. Earlier, benchmark stock indices Sensex and Nifty ended flat in a highly volatile trade on Thursday. Extending gains to the second day, the 30-share BSE Sensex climbed 57.75 points or 0.07 per cent to settle at 80,597.66. The 50-share NSE Nifty rose by 11.95 points or 0.05 per cent to 24,631.30.
Mint
5 days ago
- Business
- Mint
400% rally in four years! Small-cap multibagger stock to be in focus on Monday; here's why
Small-cap multibagger stock Pavna Industries will remain in focus in Monday's trading session after the company announced that the company will form a joint venture company with SmartChip Microelectronic Corporation, on Thursday, August 14. Pavna Industries share price fell over 2.68 per cent to close at ₹ 407.30 apiece on Thursday, as compared to previous close of ₹ 418.50 on Wednesday. The small-cap stock has remained volatile in the short-term. The stock gained nearly 7 per cent in past five trading sessions, however, descended 5.68 per cent in a month. Pavna Industries shares have given multibagger returns to its long-term investors by soaring over 400 per cent in four years. In an exchange filing dated August 14, the company informed the exchanges that there is a Joint Venture Agreement executed between Pavna Industries and SmartChip Microelectronic Corporation. The joint venture formed will undertake and carry on the business of making electronic components for the automobile industry. ' The proposed Joint Venture (JV) Company to carry on the business of inter alia making electronic components for the automobile industry (ICE & EV) and for other industries like hardware for cupboard/door locks etc. in residential/commercial industries, aero, medical Pavna,' the company said in the filing. The proposed shareholding structure for the joint venture will see Pavna Industries Limited holding a majority stake of 80 per cent, while SmartChip Microelectronic Corporation will own the remaining 20 per cent. The Authorised and paid-up capital of the company shall be ₹ 5,00,000 (Five lakh) divided into 50,000 (Fifty Thousand) Equity Shares of ₹ 10/- each. The company further informed the exchanges that the joint venture will be subsidiary of Pavna Industries Limited with 80 per cent holding and four directors will be nominated by Pavna Industries and one Director shall be nominated by SmartChip Microelectronic Corporation. ' The Equity Shares of proposed Joint Venture Company will be subscribed at a price of Rs. 10/- each by Pavna Industries Limited and Smartchip Mircoelectronic Corporation,' it said in case of issuance of shares to the parties. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
India.com
11-08-2025
- Business
- India.com
This company sets record date for stock split - Check all details here
25 महीने में करोड़पति बन गए निवेशक Small-cap auto company Pavna Industries Limited has announced the record date for the stock split. According to the exchange filing, the company has set September 1, 2025 as the record date, which will decide the eligibility of shareholders for the stock split. The company said that a share with a face value of Rs 10 will be divided into 10 smaller shares with a face value of Rs 1. The purpose of this decision is to make the shares cheaper and more affordable, increase the participation of retail investors and improve the liquidity of the shares in the market. Earlier, the auto components manufacturer purchased 4.96 acres of land near Jewar Airport, Noida as part of its expansion plan. In July 2025, the company had purchased 4.64 acres of land there. Now the company has more than 9.6 acres of land in this area. The company's managing director Swapnil Jain said that this land purchase is part of growth strategy, so that we can increase production capacity, bring new manufacturing technology and provide better service to the customers of the automobile sector. Pavna Industries' June 2025 quarter results were not good. The company suffered a net loss of Rs 2.10 crore, while in the same quarter last year there was a profit of Rs 2.23 crore. The company's revenue also fell by 23.39 per cent to Rs 60.40 crore, which was Rs 78.84 crore in June 2024. Meanwhile, equity benchmark indices Sensex and Nifty were trading in positive territory in early trade on Monday amid fresh foreign fund inflows and a rally in the US markets. A firm trend in Asian markets further contributed to the optimism in equities. The 30-share BSE Sensex climbed 104.84 points to 79,962.63 in early trade. The 50-share NSE Nifty went up by 55.85 points to 24,419.15. From the Sensex firms, State Bank of India, Trent, NTPC, Tata Motors, UltraTech Cement and Kotak Mahindra Bank were among the gainers. However, Titan, ICICI Bank, HCL Tech and Bajaj Finserv were among the laggards.
India.com
14-07-2025
- Automotive
- India.com
This BSE-listed company commences production of oil pumps for Hero MotoCorp Ltd
सेफ इंवेस्टमेंट भी जरूरी Pavna Industries Limited, a manufacturers of wide range of automotive parts for OEMs serving different vehicle segments including passenger vehicles, two-wheelers, three-wheelers, heavy and light commercial vehicles and off-road vehicles, has informed exchanges that one of its subsidiary companies, Pavna Sunworld Autotech Pvt. Ltd., has successfully commenced the production and supply of oil pumps to Hero MotoCorp Ltd. (HMCL) – India's largest two-wheeler manufacturer. Pavna Sunworld Autotech has been commissioned with the supply of oil pumps for HMCL's volume leaders — Splendor and Glamour, for supply to all six of HMCL's Indian plants. 'This is a milestone in Pavna's increasing association with marquee OEMs and reflects its focus on quality and timely delivery. It has started ramp-up production which will be scaled up progressively, rising to 50,000 units monthly over the next three to four months,' the company said. Meanwhile, shares of the company gained today and were trading at Rs 427 at the time of writing the report. This was a gain of 3.13 per cent from the previous close of Rs 414.05 on the BSE. The 52-week high of the stock is Rs 759.55 and the 52-week low is Rs 295.20. Meanwhile, benchmark indices Sensex and Nifty dropped in early trade on Monday amid selling pressure in IT stocks and foreign fund outflows. The 30-share BSE Sensex declined 232.93 points to 82,267.54 in early trade. The 50-share NSE Nifty dipped 71.4 points to 25,078.45. From the Sensex firms, Bajaj Finance, Infosys, Tech Mahindra, Bharti Airtel, HCL Tech and Asian Paints were among the biggest laggards. However, Trent, Axis Bank, Mahindra & Mahindra and NTPC were among the gainers. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 5,104.22 crore on Friday, according to exchange data.
