Several large and midcap stocks displayed remarkable resilience by surpassing their 100-day Simple Moving Average (SMA) on November 7. These stocks represent a diverse range of industries and are positioned for potential growth.
Sona BLW Precision Forgings Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 30866.04 Crore) operating in Auto Ancillaries sector.
Did you inquire about buying an EV this festive season? If not then do it, because that will give you an idea of the whole chain in the auto space where to put your money. Also give an idea about what is hype and what real business is about. Real businesses finally eat hype for breakfast as macro finally wins the war of both, the valuations and cash flows and probably the decisive battle will start sooner than later.
Following the robust Q2FY24 performance, the stock began Thursday s trade positively, opening at ₹520 apiece, 1.41% higher than the previous closing price of ₹512.75, and zoomed further during the trade to hit an intraday high of ₹539.95 apiece, up by 5.30%.