This company gains 12 percent amid stock market rally | Check details here
GH News September 08, 2025 06:06 PM
Shares of Pavna Industries surged around 12 per cent on Monday September 8 2025. The stock started the trading session with a gain of 4.35 per cent at Rs 36 against the previous close of 34.76 on the BSE. The scrip continued to gain and touched the high of Rs 38.50. This is a gain of of 11.59 per cent against the previous close. The action in stock comes after three consecutive days of fall. Technically the stock trades above the 5-day 20-day 50-day 100-day and 200-day moving averages which are commonly used to identify trends in stock prices. Last seen the scrip was trading at Rs 35.80 and the market cap of the company stood at Rs 499.52 crore. Despite the recent dip Pavna Industries has the potential for recovery. The stock has a 52-week high of Rs 75.96 and a 52-week low of Rs 29.52. According to BSE Analytics the counter has corrected 22.78 percent in two years compared to a positive return of 21 percent by the benchmark index. In one year the stock has dipped 21.92 percent. Meanwhile benchmark equity indices Sensex and Nifty rallied in early trade on Monday tracking a firm trend in global markets amid hopes of a rate cut by the US Federal Reserve later this month. The recent GST rate cut announcement also added to the markets optimism during the initial trade. The 30-share BSE Sensex climbed 296.26 points to 81007.02 in early trade. The 50-share NSE Nifty rallied 90.35 points to 24831.35. From the Sensex firms Tata Steel Tata Motors Mahindra & Mahindra Adani Ports UltraTech Cement and Power Grid were among the gainers. However Asian Paints Trent Bharti Airtel and Titan were among the laggards. In Asian markets South Koreas Kospi Japans Nikkei 225 index Shanghais SSE Composite index and Hong Kongs Hang Seng traded in positive territory. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1304.91 crore on Friday while Domestic Institutional Investors (DIIs) bought stocks worth Rs 1821.23 crore according to exchange data. Story Highlights: The recent GST rate cut announcement also added to the markets optimism during the initial trade. The 30-share BSE Sensex climbed 296.26 points to 81007.02 in early trade. In Asian markets South Koreas Kospi Japans Nikkei 225 index Shanghais SSE Composite index and Hong Kongs Hang Seng traded in positive territory. The counter has corrected 22.78 percent in two years compared to a positive return of 21 percent by the benchmark index.
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