Sona BLW gains on getting certification for hub wheel motor under PLI Scheme
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Sona BLW is currently trading at Rs. 690.75, up by 4.10 points or 0.60% from its previous closing of Rs. 686.65 on the BSE.
The scrip opened at Rs. 690.50 and has touched a high and low of Rs. 695.30 and Rs. 679.55 respectively. So far 15042 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 764.75 on 15-Jul-2024 and a 52 week low of Rs. 489.00 on 25-Oct-2023.
Last one week high and low of the scrip stood at Rs. 695.30 and Rs. 644.00 respectively. The current market cap of the company is Rs. 40645.48 crore.
The promoters holding in the company stood at 29.71%, while Institutions and Non-Institutions held 61.54% and 8.76% respectively.
Sona BLW Precision Forgings has received certification for another Product i.e. Hub Wheel Motor for electric two wheelers under the Production-Linked Incentive (PLI) Scheme for Automobile and Auto Component Industry in India (PLI-Auto) from the Ministry of Heavy Industries on August 16, 2024.
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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