New Delhi, Aug. 12 -- Small-cap auto stock Pavna Industries rises for second session straight, jumps as much as 5.59 per cent to Rs.390.20 apiece in Tuesday's trading session after the company announced record date for 1:10 stock split.

The small-cap stock has remained volatile in the near-term. The stock has descended over 3 per cent in past five trading sessions and 8.67 per cent in a month.

As per the exchange filing, the company has set Monday, September 1, as the record date to determine which shareholders are eligible for the stock split.

" We wish to inform you that the Board of Directors has fixed a Record date for the purposes of ascertaining the eligibility of shareholders entitled for sub-division/Split of existing Equity Sh...