Sona BLW started its business in 1995 in partnership with Mitsubishi metal Corporation Limited. Since 1998, it has been manufacturing automotive components. Initially, it produced differential bevel gears at its first plant located in Gurugram Haryana. In 1999, it started manufacturing in Chennai, and in 2005 it started manufacturing in Pune. In 2008, it was acquired by the precision forging business of Thyssen Kruepp. In 2013, it changed its name to Sona BLW. In the coming years, it will be launching new plants in , MI, US, China and new plants in Gurugram.
Sona BLW Latest News
The share price of Sona BLW decreased by 20 points on Monday morning, Sona blw share price target 2024, resulting in a 2.91% drop from the opening price per share of 694 rupees.
Today, Sona BLW became the first automotive parts manufacturer company to get a PLI scheme certification, which was granted to the company by the Minister of Heavy Industries for the hub wheel drive motor, which is used in the production of Two Wheelers.
Sona BLW Share Price Target 2024
Sona BLW Precision Forgings Competitors (Market Cap: 39,464.60 crores INR)
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Points to consider before investing in Sona BLW Stock
Sona BLW’s share price has been trending positively for quite some time now. Based on the company’s recent performance, the analysts at KLP Research have recommended ‘Buy’ on Sona BLW shares with a price target range of Rs 708 to Rs 678. Sona BLW share price target 2026.
The company’s second quarter of fiscal year 2024 has delivered impressive results in terms of revenue, Earnings before interest, tax (EBIT), depreciation, and amortization (EBITDA) and net profit. The company’s EBITDA for Q2 FY24 stood at Rs 223 crores, increasing by 35%. The automotive component manufacturer’s Net profit stood at Rs 93 crores, while its revenue increased to Rs 787,4 crores, registering a 34.1% increase.
The Indian market for automotive components is expected to remain on a high growth trajectory, and Sona BLW will benefit from the expected growth in India and globally.
Competition: As an investor, it is important to keep an eye on the competition factor as Sona BLW (or Sona Comstar) will have to face stiff competition from the likes of companies like CineINDIA. Sona blw share price target 2027
Conclusion
Sona BLW’s share price has been on the positive side on the NSE for several years now. However, Sona’s NSE:SONACOM shares have been on the high side for the past one year. The share price has increased by 47% since March 6, 2023, when it was Rs. 457 per share, and by 16% since sona blw share price target 2028.
Sona BLW shares haven’t gone up in the past six months. Sona has an edge over its competitors as it is the first and sole beneficiary under the PLI scheme in its automotive components manufacturing category.
Before making any investment related commitments, an investor should carefully consider all the factors that have an impact on the stock and the various vulnerabilities in the share market.
India Property Dekho strongly recommends doing thorough research on the following risk factors:
