Sona BLW Precision Grinding Ltd was established in 1995 in partnership with the company Mitsubishi metal Corporation Limited. Since 1998, it has been manufacturing automotive components. Initially, its first plant was established in the Haryana state of Haryana for the production of differential bevel gear. sona blw share price target 2025 Later, the company launched its manufacturing plant in Chennai in 1999 and in Pune in 2005. However, in 2008, it was acquired by the precision forging business of Thyssen Kruepp. The company was renamed as Sona BlW Precision Grinding Limited (SBLG) in 2013. In the coming years, SBLG will be launching new plants in the United States of America (USA), China and in India (Gurugram) in the near future.
sona blw share price target 2024 is on the right side of the trend of the stock market, and in the coming years, it is expected to deliver a high return on investment for SBLG.
Sona BLW Latest News
The Sona BLW share price target 2026 decreased by 20 points, or 2.91%, on Monday morning, March 3, 2024, to open at Rs. 694 per share. Sona BLW is one of the first automotive parts manufacturer companies to be certified under the PLI scheme. This approval was granted to Sona BLW by the ministry of heavy industries for their hub wheel drive (two wheeler) motor.
Points to consider before investing in Sona BLW Stock
The share price of Sona Blue Works Ltd. 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 Blue works Ltd. with a price target of Rs 708-Rs 678.
The company’s second quarter of fiscal year 2024 has delivered impressive results in terms of revenue, sona blw share price target 2027 Earnings before interest, tax (EBIT), depreciation and amortization (EBITDA) and net profit. The company’s EBITDA for the second quarter of FY24 was Rs 223 crores which is a 35% increase compared to the previous quarter. The automotive component manufacturer’s Net profit for the second quarter was Rs 93 crore and its revenue for the same quarter was Rs 787,4 crore, which is a 34% increase and a 20.62% increase respectively.
Sona Blue works Ltd business in the automotive components industry is expected to remain on a high growth trajectory in the Indian market. The company is expected to benefit from the expected growth of the automotive components industry in India and globally. Sona BLW share price target 2028 As an investor, competition factor is always one of the most important things to look into.
Conclusion
Sona BLW’s share price has been on the positive side on the NSE for several years now. However, on the NSE:SONACOMS, it has been on the high side for the past one year. The share price has risen 47% in the last one year from Rs 457/share (6th March 2023 to Rs 674/share today, 3rd March 2024). In the past six months, the share price has not gone up and has grown only 16%.
Sona BLW is the first and only beneficiary under the PLI scheme in the automotive component manufacturing category. This gives Sona BLW an edge over its rivals.
Before making an investment in Sona BLW, it is important for an investor to understand all the important factors affecting the stock and different share market vulnerabilities. Therefore, it is recommended by India Property Dekho to conduct critical research on risk factors.