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Neutral Sona BLW Precision Forgings Ltd For Target Rs. 682 By Yes Securities Ltd Business diversification continues View – Acquisition of EKL’s railway business to be long term positive Acquisition of EKL’s railway division (RED) was in-line with co’s mission to expand beyond auto into broader mobility space. The transaction is valued at 1.6x EV/sales (FY24) for a total cash consideration of Rs16b is attractive for a business with revenue and EBIT CAGR of ~16%/~15% over FY19-24 with EBIT margins of ~19% in FY24. Despite, RED is market leader ...
Neutral Sona BLW Precision Forgings Ltd For Target Rs. 682 By Yes Securities Ltd
Neutral Sona BLW Precision Forgings Ltd For Target Rs. 682 By Yes Securities Ltd
Source: Yes Securities Ltd.
2024-11-08 02:55:39 pm
Sona BLW jumps on inking pact to acquire Escorts Kubota`s Railways Equipment Division Sona BLW Precision Forgings is currently trading at Rs. 700.00, up by 57.55 points or 8.96% from its previous closing of Rs. 642.45 on the BSE. The scrip opened at Rs. 668.25 and has touched a high and low of Rs. 709.80 and Rs. 662.90 respectively. So far 144825 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 767.80 on 23-Sep-2024 and a 52 week low of Rs. 489.00 on 25-Oct-2023. Last one week high and low of the...
Sona BLW jumps on inking pact to acquire Escorts Kubota`s Railways Equipment Division
Sona BLW jumps on inking pact to acquire Escorts Kubota`s Railways Equipment Division
Source: Accord Fintech
2024-10-24 10:04:47 am
Sona BLW Precision Forgings gains on inaugurating new plant in Haryana Sona BLW Precision Forgings is currently trading at Rs. 634.95, up by 0.80 points or 0.13% from its previous closing of Rs. 634.15 on the BSE. The scrip opened at Rs. 636.55 and has touched a high and low of Rs. 649.20 and Rs. 633.45 respectively. So far 23144 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 767.80 on 23-Sep-2024 and a 52 week low of Rs. 489.00 on 25-Oct-2023. Last one week high and low of the s...
Sona BLW Precision Forgings gains on inaugurating new plant in Haryana
Sona BLW Precision Forgings gains on inaugurating new plant in Haryana
Source: Accord Fintech
2024-10-22 10:33:32 am
19 of top 30 IPOs by size fail to generate excess returns Nineteen out of the top 30 IPOs by size have failed to generate excess returns when compared to the returns from the CNX500 index, according to a report.   Capitalmind Financial Services, a wealth management firm, said in a report that 8 of the 30 have delivered negative returns, including Reliance Power, the most high-profile, which was also the largest at the time. Only two of the top 10 have generated returns greater than the CNX500. Coal India just about doubled in price ove...
19 of top 30 IPOs by size fail to generate excess returns
19 of top 30 IPOs by size fail to generate excess returns
Source: IANS
2024-10-16 01:54:20 pm
Sona BLW Precision Forgings surges on raising Rs 2400 crore through QIP Sona BLW Precision Forgings is currently trading at Rs. 710.50, up by 10.75 points or 1.54% from its previous closing of Rs. 699.75 on the BSE. The scrip opened at Rs. 711.40 and has touched a high and low of Rs. 718.55 and Rs. 703.90 respectively. So far 11021 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 ...
Sona BLW Precision Forgings surges on raising Rs 2400 crore through QIP
Sona BLW Precision Forgings surges on raising Rs 2400 crore through QIP
Source: Accord Fintech
2024-09-10 11:29:36 am
Neutral Sona BLW Precision Forgings Ltd For Target Rs.659 By Yes Securities Valuation and View Sona BLW (SONACOMS) 1QFY25 results were a mixed bag as revenues and EBITDA were in-line while Adj.PAT miss was led by higher tax outgo. EBITDA margins were in-line at 28% (+30bp YoY/ flat QoQ) is resilient, led by favorable product mix and operational efficiencies despite higher freight rates and ESOP cost of Rs82m in 1QFY25 (vs Rs80m in 4QFY24). On the positive side, the key highlight of the quarter was, the resilient margins despite multiple headwinds and management co...
Neutral Sona BLW Precision Forgings Ltd For Target Rs.659 By Yes Securities
Neutral Sona BLW Precision Forgings Ltd For Target Rs.659 By Yes Securities
Source: Yes Securities Ltd.
2024-08-02 04:16:13 pm
Buy Sona BLW Precision Forgings Ltd For Target Rs.760 By JM Financial Services Sona BLW Precision Forgings (Sona Comstar) revenue was 2% above JMFe. EBITDAM at 28.1% was in-line. YoY margin improvement (+30bps) was led by favourable mix and higher operating leverage. Management indicated that light vehicle market (across most geographies barring EU) remained steady. However, weak OHV demand (India and US) is expected to be a drag on the performance. EV revenue grew 53% QoQ and the share of EV revenue stood at 33% during 1Q (29% in FY24) as the company continues to win n...
Buy Sona BLW Precision Forgings Ltd For Target Rs.760 By JM Financial Services
Buy Sona BLW Precision Forgings Ltd For Target Rs.760 By JM Financial Services
Source: JM Financial Services
2024-08-01 10:55:32 am
Add Sona BLW Precision Forgings Ltd For Target Rs.684 By Yes Securities Upward revision in EBITDA margin guidance Valuation and View Sona BLW (SONACOMS) 3QFY24 results were better as EBITDA/PAT exceeded our estimates by 11-13%, led by better than expected EBITDA margins at 29.7% (est 27.4%, +180bp QoQ, 13 quarter high). This was led by operational efficiencies and benign RM costs. We believe the operating performance were healthy given UAW strike led to Rs250mn revenue impact in Oct-23, which is now resolved and will partially reverse in 4QFY24. On the posi...
Add Sona BLW Precision Forgings Ltd For Target Rs.684 By Yes Securities
Add Sona BLW Precision Forgings Ltd For Target Rs.684 By Yes Securities
Source: Yes Securities Ltd.
2024-04-02 12:19:57 pm
Neutral SONA BLW Precision Forging Ltd. For Target Rs.610 By Motilal Oswal Financial Services Operating performance beat est, led by reduced RM cost and favorable product mix EBITDA margin guidance revised to ~28% from earlier guidance of 25- 27% SONACOMS’ 3QFY24 resultssurpassed our estimates, led by better product mix and lower RM costs, resulting in an EBITDA margin of 29.3% (vs. est. 27.8%). Although the operational performance was healthy, we expect the margins to moderate in the future as RM costs and product mix normalize. The company’s focus on expanding in E...
Neutral SONA BLW Precision Forging Ltd. For Target Rs.610 By Motilal Oswal Financial Services
Neutral SONA BLW Precision Forging Ltd. For Target Rs.610 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-03-30 09:19:03 am
Sona BLW Precision shares flare up  The share price of automobile components maker Sona BLW Precision Forgings Ltd (Sona Comstar) on Friday flared up to touch a high of Rs 648 after its closing at Rs 613.25 on Thursday at the BSE. The flare up happened after the company announced that it became the first automotive component maker to get the certification under the Auto Production Linked Incentive (PLI) scheme. The company has filed seven applications for different products under the PLI scheme, and it has received ...
Sona BLW Precision shares flare up
Sona BLW Precision shares flare up
Source: IANS
2024-02-23 02:15:29 pm
Sona BLW Precision Forgings gains on inking definitive documents with CleanMax Sona BLW Precision Forgings is currently trading at Rs. 588.15, up by 2.40 points or 0.41% from its previous closing of Rs. 585.75 on the BSE. The scrip opened at Rs. 586.90 and has touched a high and low of Rs. 590.80 and Rs. 578.15 respectively. So far 64093 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 670.20 on 04-Jan-2024 and a 52 week low of Rs. 401.10 on 28-Mar-2023. Last one week high and low of the s...
Sona BLW Precision Forgings gains on inking definitive documents with CleanMax
Sona BLW Precision Forgings gains on inking definitive documents with CleanMax
Source: Accord Fintech
2024-01-25 02:26:36 pm
Add Sona BLW Precision Forgings Ltd For Target Rs. 700 -JM Financial Institutional Securities Sona BLW Precision Forgings (Sona Comstar) consol. revenue was broadly in-line. EBTIDA margin at 28.2% was 50bps above our estimate. Margin improvement (+40bps QoQ) was led by favourable mix and higher operating leverage. Management indicated that US / EU / India light vehicle market remains healthy. EV revenue grew 12.5% QoQ led by ramp-up of new programs. Share of EV revenue stood healthy at 27% during 1H and the company continues to win new EV orders (c.78% of net order book). Strong net o...
Add Sona BLW Precision Forgings Ltd For Target Rs. 700 -JM Financial Institutional Securities
Add Sona BLW Precision Forgings Ltd For Target Rs. 700 -JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
2023-10-31 11:28:02 am
Add Sona BLW Precision Forgings Ltd For Target Rs. 590 - Yes Securities Ltd Valuation and View Sona BLW (SONACOMS) 2QFY24 results were better as EBITDA/PAT exceeded our estimates by 6-8%, led by better than expected EBITDA margins at 27.9% (est 27.1%, +20bp QoQ 9 quarter high). This was led by product mix as RM remained stable QoQ. On the positive side, the key highlight of the quarter was the update on new product strategy/technology roadmap where co is moving from auto only mobility to broader mobility technology play. It has added overall ~7 new products for di...
Add Sona BLW Precision Forgings Ltd For Target Rs. 590 - Yes Securities Ltd
Add Sona BLW Precision Forgings Ltd For Target Rs. 590 - Yes Securities Ltd
Source: Yes Securities Ltd
2023-10-27 12:59:30 pm
Sona Comstar logs Q2 PAT of Rs 130 crore, to enter solar power Automotive component player Sona BLW Precision Forgings Ltd (Sona Comstar) on Wednesday said it closed the second quarter of FY24 with higher revenue and profit.The company also said it is negotiating with Clean Max Enviro Energy Solutions Pvt. Ltd (CleanMax) to float a solar power company.In a regulatory filing, Sona Comstar said it closed the quarter ended September 30 with an operational revenue of Rs 716.2 crore (Q2FY23 Rs.599.2 crore) and a profit of Rs 130.4 crore (Rs 83.2 crore).As reg...
Sona Comstar logs Q2 PAT of Rs 130 crore, to enter solar power
Sona Comstar logs Q2 PAT of Rs 130 crore, to enter solar power
Source: IANS
2023-10-26 09:46:57 am
Sona BLW Precision Forgings gains on getting nod to make investment in Sona BLW Edrive Mexicana Sona BLW Precision Forgings is currently trading at Rs. 593.55, up by 6.50 points or 1.11% from its previous closing of Rs. 587.05 on the BSE.The scrip opened at Rs. 590.45 and has touched a high and low of Rs. 595.75 and Rs. 582.20 respectively. So far 49649 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 626.00 on 23-Aug-2023 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. 60...
Sona BLW Precision Forgings gains on getting nod to make investment in Sona BLW Edrive Mexicana
Sona BLW Precision Forgings gains on getting nod to make investment in Sona BLW Edrive Mexicana
Source: Accord Fintech
2023-09-15 03:18:44pm