Sona BLW Precision Forgings Ltd Share Price (SONACOMS)

Sona Comstar Inaugurates New Manufacturing Plant in Mexico - 22 Apr, 2024

Sona Comstar has opened a new manufacturing facility in Mexico to meet the growing demand for high-quality driveline solutions for Battery Electric Vehicles (BEVs) in North America. The new plant will specialize in producing differential assemblies and reduction gears designed for BEVs, with plans to diversify its product range further. However, shares of Sona BLW Precision Forgings slipped over 2% despite this announcement.

Sona Comstar Supplies BLDC Motors to Global EV Companies - 19 Apr, 2024

Sona Comstar Ltd. supplies BLDC motors to global EV companies, including Tesla, and has seen significant penetration in the two-wheeler EV market.

Sona BLW Precision Forgings Gains on Auto Ancillary Surge and Consistent Returns - 12 Apr, 2024

Sona BLW Precision Forgings gained 2.22% in trading, while shares of auto ancillary companies surged up to 7% after Elon Musk's announcement of his India visit. The company has consistently earned 23% over the past five years, with a 382% rise in capital employed.

Sona BLW Receives Certification Under PLI Scheme - 03 Apr, 2024

Sona BLW Precision Forgings has received certification for its second hub wheel motor under the PLI Scheme for Automobile and Auto Component Industry in India, resulting in a 1.71% increase in share price. The company also delivered positive returns of 61.7% in the last year.

Sona BLW Precision Forgings Reports Strong Q3 Results - 28 Mar, 2024

Sona BLW Precision Forgings reported strong Q3 results with a 24% YoY rise in net profit and a substantial increase in revenue from operations. Global brokerage Bernstein raised its target price on the company to Rs 780 and maintained an outperform rating, citing the company's high-value and high-margin product portfolio in the battery-driven electric vehicle segment.