FIIs bought 8,06,858 shares: Auto Components Manufacturer’s Stock Jumps 16.8 Per Cent On March 21
The stock is up by 34 per cent from its 52-week low of Rs 293.30 per share.
On Friday, one of the Top Gainers on BSE, shares of Pavna Industries Ltd jumped 16.8 per cent to Rs 392 per share from its previous closing of Rs 335.60 per share. The stock’s 52-week high is Rs 759.50 per share and its 52-week low is Rs 292.50 per share.
Pavna Industries Ltd., established in 1994, is a key player in the automotive component manufacturing sector. As part of the Pavna Group, the company specializes in producing a diverse range of products for Original Equipment Manufacturers (OEMs). Their extensive portfolio caters to various vehicle segments, including passenger vehicles, two-wheelers, three-wheelers, and commercial vehicles, encompassing both light and heavy-duty applications. Their product offerings span from essential locking mechanisms like steering cum ignition switches and fuel tank caps, to intricate engine components such as throttle bodies and carburettors, highlighting their comprehensive manufacturing capabilities.
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The company's product profile is broad, featuring a wide array of automotive parts and accessories. This includes electrical products like ignition and handlebar switches, casting components such as magneto covers and grab handles, and various accessories like wheel and helmet locks. Pavna Industries also manufactures fuel cocks and pumps, handles and latches, and other essential automotive components.
In January 2025, FIIs bought 8,06,858 shares and increased their stake to 5.90 per cent compared to December 2024. As of January 2025, Promoters own 61.50 per cent stake, FIIs own 5.90 per cent stake and the remaining 31.60 per cent stake is owned by public shareholders.
The company has a market cap of over Rs 450 crore. The shares of the company have a PE of 60x, an ROE of 13 per cent and an ROCE of 12 per cent. The stock is up by 34 per cent from its 52-week low of Rs 293.30 per share. Investors should keep an eye on this micro-cap auto stock.
Disclaimer: The article is for informational purposes only and not investment advice.