New Delhi, Sept. 8 -- Small-cap stock Pavna Industries jumped over 11% in intraday trade on Monday (September 8) amid a recovery in the Indian stock market. Pavna Industries share price opened at Rs.34.55 against its previous close of Rs.34.55 and surged 11.43 per cent to hit its intraday high of Rs.38.50 on the NSE. However, the stock pared gains as around 10:30 am, the small-cap stock traded nearly 6 per cent up at Rs.36.60. Equity benchmark Nifty was 0.25 per cent up at 24,802.10 at that time.

Pavna Industries is amongst India's leading manufacturers of automotive components for the two and three-wheeler industry.

It has nine facilities at three locations: Aligarh (Uttar Pradesh), Aurangabad (Maharashtra), Pantnagar (Uttarakhand) and...