Stock beneath Rs 450 optimistic facets virtually 12 per cent in dangerous market

Mumbai:

Shares of Steel and automotive participant Pavna Industries zoomed spherical 12 per cent on a dangerous day on Tuesday, i.e. on May 27, 2025. The counter opened gap up at Rs 449 on the BSE in direction of the sooner shut of Rs 402, a surge of 11.69 per cent. However, it fell amid selling pressure and touched an intraday low of Rs 394.20. Last seen, it was shopping for and promoting at Rs 398.95. The 52-week extreme of the counter is Rs 759.55 

Quarterly Results 

The agency has reported a consolidated web income of Rs 1.70 crore inside the fourth quarter of FY25, a fall of 36.57 per cent from Rs 2.68 crore inside the year-ago quarter.

The agency’s consolidated earnings from operations in Q4FY25 declined to Rs 66.23 crore. This is a fall of 18.69 per cent from Rs 81.45 crore, year-on-year (YoY).

Signs Agreement With  EV participant OLA Electric

Steel and automotive participant Pavna Industries has signed an settlement with EV participant OLA Electric to offer auto components, marking an entry into the house EV sector.

As part of the pact, it might current auto components like ignition switches and latches to OLA Electric all through its manufacturing vegetation in India from its manufacturing unit at Aligarh in Uttar Pradesh, Pavna Industries acknowledged in a press launch.

“With this partnership, we are foraying into the two-wheeler electric vehicle segment,” Pavna Industries Managing Director Swapnil Jain acknowledged.

Shares of the UP-based Pavna Group closed at Rs 561.40 apiece, up 4.99 per cent from its earlier shut on the BSE.

Meanwhile, the Indian stock market closed inside the crimson on Tuesday attributable to income reserving.

At the highest of shopping for and promoting, Sensex was down 624.82 components or 0.76 per cent at 81,551.63 and Nifty was down 174.95 components or 0.70 per cent at 24,826.20.

The decline was led by FMCG, IT, auto and metal sectors. Nifty Auto index closed down 0.70 per cent, Nifty IT index 0.75 per cent, Nifty Financial Service index 0.64 per cent and Nifty FMCG index 0.88 per cent.