New Delhi, Jan. 29 -- Small-cap stock Pavna Industries rose 2.11% to Rs.17.92 apiece in Thursday's trading session despite weak market sentiments. The small-cap stock rallied after the company board approved investment plans in its subsidiary, Pavna SMC.

Meanwhile, the Indian stock market opened in the red, saw a sharp sell-off during the morning trade on Thursday, January 29, as investors booked profits amid heightened geopolitical concerns.

In an exchange filing on Wednesday, Pavna Industries announced that the board has approved an investment in the equity shares of its subsidiary, Pavna SMC, for a cash consideration of Rs.4,00,000.

"We wish to inform you that the Board of Directors of the company at their meeting held today i.e., W...