Whalesbook
Pavna Industries, a smallcap auto company, has signed a Memorandum of Understanding (MoU) with the Uttar Pradesh government to invest Rs 250 crore over the next 3 to 5 years. This expansion plan aims to create over 500 jobs and boost manufacturing presence. Following the announcement, Pavna Industries' shares surged up to 14% on the BSE, though trading later settled at a 2% gain. This investment comes after a period of underperformance for the stock.