Sona BLW Precision Forgings Ltd Share Price – NSE  /  BSE

Auto Ancillaries, Small Cap

Sona BLW Precision Forgings will hold a meeting of the Board of Directors of the Company on 30 April 2024.

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Sona BLW Precision Forgings Ltd gained 2.22% today to trade at Rs 666.2. The S&P BSE Capital Goods index is up 0.56% to quote at 62905.47. The index is up 11.52 % over last one month. Among the other constituents of the index, Bharat Electronics Ltd increased 1.88% and Elgi Equipments Ltd added 1.78% on the day. The S&P BSE Capital Goods index went up 77.4 % over last one year compared to the 23.82% surge in benchmark SENSEX.

Sona BLW Precision Forgings Ltd has added 3.52% over last one month compared to 11.52% gain in S&P BSE Capital Goods index and 2.83% rise in the SENSEX. On the BSE, 6602 shares were traded in the counter so far compared with average daily volumes of 82718 shares in the past one month. The stock hit a record high of Rs 718.55 on 29 Feb 2024. The stock hit a 52-week low of Rs 420 on 11 Apr 2023.

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Sona BLW Precision Forgings announced the achievement of two remarkable production milestones. The company has successfully manufactured 400 million differential gears and 6 million differential assemblies, marking a significant accomplishment in its journey of excellence.

Sona Comstar designs and manufactures differential assemblies, precision-forged differential gears, and other driveline parts. Our products cater to Battery Electric Vehicles (BEV), Passenger Vehicles, Commercial Vehicles, and Off-highway Vehicles. Sona Comstar is one of the largest manufacturers of differential assemblies for BEVs worldwide. According to Ricardo's estimates, the company's global market share of differential gears has increased to 8.1% in 2023 from 5.0% in 2020. The Company's market share for differential gears in India ranges from 60-90% across vehicle categories.

The company's focus on innovation and commitment to quality and customer satisfaction has enabled it to emerge as a preferred partner for leading automotive manufacturers worldwide. Sona Comstar serves most of the world's largest vehicle manufacturers, including seven of the top 10 passenger vehicle OEMs, three of the top 10 commercial vehicle OEMs, seven of the top 10 tractor OEMs, and four of the top 10 electric vehicle OEMs. The company expresses gratitude to its customers for their faith in its products, which encourages us to innovate and enables our growth. Sona Comstar is committed to offering cutting-edge products to its customers to enable faster adoption of greener, safer, and smarter mobility in India and globally.

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Sona BLW Precision Forgings has allotted 5,968 equity shares under ESOP on 14 March 2024. Post allotment, the paid up equity share capital has increased to Rs. 5,86,44,77,780 consisting of 58,64,47,778 equity shares having face of Rs 10 each fully paid up.

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