Pavna Industries Soars on ₹250 Cr UP MoU, but Early Gains Fizzle by Close

saw strong initial momentum, surging as much as 9.55% intraday, after announcing a significant development. The company has entered into an MoU with the Government of Uttar Pradesh, outlining plans to invest ₹250 crore over the next 3–5 years for its upcoming project. The investment highlights Pavna’s expansion strategy and commitment to scaling operations within India’s fast-growing industrial ecosystem. However, despite the early excitement, the stock failed to hold its gains as profit-booking set in. By market close, the rally had largely eroded, with the stock ending with only a minor 0.84% gain. Still, the long-term outlook remains encouraging.