New Delhi, Aug. 21 -- Pavna Industries share price jumped 7% on Thursday, extending its gaining streak for the fourth straight session. The smallcap stock rallied as much as 6.99% to Rs.456.65 apiece on the BSE.

The gains in Pavna Industries share price were also supported by strong volumes. Around 31,000 shares of Pavna Industries changed hands on the stock exchanges as compared with its over month average trading volume of 16,000 shares.

The upmove in the smallcap stock also followed a broader rally in the Indian stock market today. The benchmark Sensex gained over 0.3%, while the Nifty 50 traded above 25,100 level.

Recently, the automotive components manufacturer announced the formation of a joint venture with Taiwan based SmartChip...