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Shares of Pavna Industries Limited will be in focus when markets open on Monday as the company has informed exchanges that it has formed a joined venture with with Taiwan-based SmartChip Microelectronic Corporation. The company said that the new joint venture company will make electronic components for the automobile industry and others. “The proposed Joint Venture (JV) Company to carry on the business of inter alia making electronic components for the automobile industry (ICE & EV) and for other industries like hardware for cupboard/door locks etc. in residential/commercial industries aero medical etc.” the company said in the filing. As per the information share the proposed shareholding structure for the joint venture underscores Pavna Industries Limiteds significant control with the company holding a majority stake of 80 per cent. The Taiwan-based company will own the remaining 20 per cent. The authorised and paid-up capital of the company shall be Rs 500000 divided into 50000 equity shares of Rs 10 each. “The Equity Shares of proposed Joint Venture Company will be subscribed at a price of Rs. 10/- each by Pavna Industries Limited and Smartchip Mircoelectronic Corporation” it further stated. The counter ended in the red in the last trading session falling 2.03 per cent to Rs 410.35 compared to the previous close of Rs 418.85. This is part of a larger trend in the stocks performance. The 52-week high of the stock is Rs 759.55 hit on October 14 2024 and the 52-week low is Rs 295.20. These figures provide a broader perspective on the stocks performance indicating its potential for growth and the level of risk associated with it. According to the BSE Analytics the stock has delivered a return of 86 per cent in two years. However it has corrected 21 per cent in one year and 69 per cent so far this year. Earlier benchmark stock indices Sensex and Nifty ended flat in a highly volatile trade on Thursday. Extending gains to the second day the 30-share BSE Sensex climbed 57.75 points or 0.07 per cent to settle at 80597.66. The 50-share NSE Nifty rose by 11.95 points or 0.05 per cent to 24631.30.