Alice Blue Home
URL copied to clipboard

Trending News

Auto ancillary stock hits 5% upper circuit after it acquires two plots in Tamil Nadu for ₹7 Cr

Auto ancillary company has secured a 99-year lease for two plots at SIPCOT Industrial Park, Tamil Nadu, spanning 4.33 acres for Rs. 7.36 crore, marking its expansion into the Future Mobility Park.
Auto ancillary stock hits 5% upper circuit after acquiring two plots in Tamil Nadu for ₹7 Cr.
Auto ancillary stock hits 5% upper circuit after acquiring two plots in Tamil Nadu for ₹7 Cr.

Introduction:

Auto ancillary company has signed a 99-year lease deed for two plots at SIPCOT Industrial Park, Shoolagiri, Tamil Nadu. The company acquired 4.33 acres of land for Rs. 7.36 crore as part of its expansion into the Future Mobility Park.

Alice Blue Image

Also Read: Navratna stock with orderbook guidance worth ₹25,000 Cr to keep on your radar

Share price movement of Pavna Industries:

On January 13, 2025, Pavna Industries Ltd opened at ₹493.00, slightly down from its previous close of ₹493.25. The stock reached a high of ₹517.90, a 5.00% increase, and a low of ₹493.00. By 11:24 AM, it traded at ₹517.90, reflecting a 5.00% rise, with a market cap of ₹630.84 crore.

Pavna Industries Ltd. Acquires Land for Future Expansion:

Pavna Industries Limited has disclosed the signing of a lease deed for two plots at SIPCOT Industrial Park, Shoolagiri, Tamil Nadu. The company acquired a total area of 4.33 acres for Rs. 7.36 crore for a 99-year lease.

The acquisition is part of Pavna Industries’ strategy to expand its presence in the Future Mobility Park in Krishnagiri District. The company entered into the agreement with State Industries Promotion Corporation of Tamil Nadu (SIPCOT), with no related party transactions involved.

Stock performance of Pavna Industries for Period of 1 week, 6 months and 1 year:

Pavna Industries Ltd has shown strong performance with a 9.81% return over the past week. Over the last 6 months, the stock gained 4.65%, although it saw a decline of 7.17% over the past year.

Also Read: Stocks in which SBI Group bought fresh stake in Q3 to look out for

Shareholding pattern of Pavna Industries:

All values in %Sep 2024Jun 2024Mar 2024
Promoter70.40%70.40%70.40%
FII0.00%0.00%0.00%
DII0.00%0.00%0.00%
Public29.50%29.60%29.60%
Alice Blue Image

About Pavna Industries:

Pavna Industries Limited (NSE: PAVNAIND) is a leading manufacturer of automotive parts, including ignition switches, fuel tank caps, and carburettors. Serving OEMs and aftermarket services, the company caters to various vehicle segments worldwide with a diverse product portfolio.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

Loading
Read More News