Pavna Industries share price jumped 15% during Monday’s trading session, reflecting the gains in the benchmark indices, Sensex and Nifty 50, which bounced back on Monday, following a significant rally in global markets due to a softer-than-anticipated US inflation report that has rekindled expectations for Fed rate cuts.
Pavna Industries share price closed 8.55% higher at ₹38.33. The sentiment of the stock was driven by the domestic benchmark indices, where Nifty 50 index briefly crossed the important 26,000 level today, achieving this milestone for the second time this year. The index finished at 25,970, reflecting an increase of 0.66% or 172 points, while the BSE Sensex rose by 495 points (0.60%) to close at 84,745.
In the past week Pavna Industries share price rose 6.96%. Stock has been down 3.83% in the past quarter and fell 34.15% in the past year.
Pavna Industries specializes in manufacturing and supplying high-quality, dependable automotive components, including Ignition Switches, Fuel Tank Caps, Latches, Auto Locks, Handles, Switches, Oil Pumps, Carburettors, Throttle Bodies, Fuel Cocks, Injection Systems, Casting Components, and various other automotive part solutions for vehicle applications. The company caters to the automotive, agricultural, and additional sectors globally, boasting a diverse range of products.
(more to come)