Sona Blw News Today

The automotive techs EBITDA reached Rs 248 crore, boasting a margin of 28 percent and demonstrating 23 percent YoY growth.

The company is poised to outshine the industry, owing to its high-value and high-margin product portfolio in the segment

North America is the companys largest end-market, accounting for a significant 40percent of its revenue.

The PLI scheme allocated a budgetary outlay of Rs 25,900 crore over five years, commencing from the fiscal year 2023-24.

Daljeet Singh Kohli discusses the performance of largecaps in India, the potential of the banking sector, and the growth of the EV market. He highlights Sona BLW as a promising company in the auto ancillary space. The agrochemical sector is expected to see positive movements. He is also looking at some of these road construction, ports and related infrastructure companies.

The companys net order book has surged to its highest at Rs 24,000 crore, up from Rs 21,500 crore as of March 31

“This quarter would be good across most of the hospitality names and the next two quarters are going to be extremely good. We think that the best participant would be Indian Hotels followed by Lemon Tree. I think these are the two names where you have a fair amount of growth visibility.”

The company has attained a leading position in the global electric differential assembly market and continues to aggressively target new products/ customers for a multi-fold growth

Jefferies recommended an underperform rating on Tech Mahindra and Motilal Oswal recommended a neutral rating on Sona BLW Precision Forging.

Jefferies picks Tata Motors and TVS Motor Company as its top picks from the pack while betting on Maruti Suzuki India (MSIL), Ashok Leyland, Bajaj Auto, Eicher Motors, Hero MotoCorp, Samvardhana Motherson and Sona BLW Precision Forgings. The brokerage has a hold rating on Mahindra & Mahindra while and an underperform on Bharat Forge