New Delhi, Feb. 19 -- Shares of Pavna Industries, an auto ancillary company, rallied sharply in Thursday's session on February 19, even as the Indian stock market traded with deep cuts.

The small-cap stock opened the session at Rs.23.40 apiece, slightly higher than the previous close of Rs.23.20, but picked up momentum in early trade to hit a high of Rs.28.45 apiece, marking an 20% jump.

The stock had last seen this level in mid-December. Today's rally has pushed the stock's month-to-date return to 46%, and if it holds around these levels toward the end of February, it will mark its biggest monthly jump since August 2023 and may also end its five-month losing streak, during which it had lost 57%.

Though there are no clear fundamental f...