Sona BLW Precision gains on incorporating wholly owned subsidiary in Mexico
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Sona BLW Precision Forgings is currently trading at Rs. 520.15, up by 1.15 points or 0.22% from its previous closing of Rs. 519.00 on the BSE.
The scrip opened at Rs. 519.05 and has touched a high and low of Rs. 529.65 and Rs. 518.85 respectively. So far 23977 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 607.65 on 04-Aug-2022 and a 52 week low of Rs. 397.35 on 26-Dec-2022.
Last one week high and low of the scrip stood at Rs. 529.65 and Rs. 505.00 respectively. The current market cap of the company is Rs. 30626.02 crore.
The promoters holding in the company stood at 33.00%, while Institutions and Non-Institutions held 55.97% and 11.02% respectively.
Sona BLW Precision Forgings has incorporated wholly owned subsidiary namely ‘Sona BLW Edrive Mexicana, S.A.P.I. DE C.V’ in Mexico. SONA BLW Edrive Mexicana is incorporated as wholly owned subsidiary of the Company for, amongst others, for manufacturing and assembly of bevel gears, differential assemblies and/or any other activities ancillary and incidental thereto in Mexico.
Sona BLW Precision Forgings is one of the leading automotive technology companies in India. It is primarily engaged in designing, manufacturing, and supplying high-quality mission-critical automotive components such as differential assemblies, gears, conventional and micro-hybrid starter motors, etc.
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