Small-cap stock Pavna Industries rose 2.11% to ₹17.92 per share on Thursday, January 29, bucking the overall weak market trend. The uptick came after the company’s board approved an investment in its subsidiary, Pavna SMC.
In an exchange filing on Wednesday, Pavna Industries stated that the board authorized the subscription of equity shares in Pavna SMC Private Limited for a cash consideration of ₹4 lakh. This move was seen positively by investors despite broader market pressures.
Meanwhile, the Indian stock market opened lower and witnessed a sharp morning sell-off as investors booked profits amid rising geopolitical concerns.
Regarding financial performance, Pavna Industries had reported its Q2 FY26 results in November 2025, showing a 49% year-on-year drop in consolidated net profit to ₹1.67 crore from ₹3.33 crore in the same period last year. Revenue from core operations also declined 11% to ₹74.15 crore.
Despite near-term volatility, the stock has delivered multibagger returns of 117% over the past five years. Pavna Industries, listed on both BSE and NSE, recorded a 52-week high of ₹55.39 in February 2025 and a low of ₹16.24 in January 2026.
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