On Monday, Pavna Industries Ltd shares jumped 9.4% to ₹448.95 after announcing a joint venture (JV) with Taiwan's SmartChip Microelectronic Corporation (SMC). Pavna will hold an 80% stake. This JV aims to develop electronic components for automotive (ICE/EV), aerospace, and medical sectors, along with hardware for locks, leveraging Pavna's market expertise and SMC's technological prowess.