Sona BLW Precision Forgings is currently trading at Rs. 579.90, up by 4.75 points or 0.83% from its previous closing of Rs. 575.15 on the BSE.
The scrip opened at Rs. 578.75 and has touched a high and low of Rs. 586.80 and Rs. 555.55 respectively. So far 57950 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 610.00 on 16-Sep-2021 and a 52 week low of Rs. 295.15 on 24-Jun-2021.
Last one week high and low of the scrip stood at Rs. 586.80 and Rs. 549.35 respectively. The current market cap of the company is Rs. 33997.05 crore.
The promoters holding in the company stood at 67.30%, while Institutions and Non-Institutions held 29.05% and 3.65% respectively.
Sona BLW Precision Forgings, through its wholly owned subsidiary company Sona Comstar eDrive (Sona Comstar) has entered into a collaboration agreement with IRP Nexus Group, Israel to develop, manufacture, and supply a Magnet-less Drive Motor and the Matching Controller (System) for Performance Two-wheelers and Three-wheelers for the Global Market.
As per the agreement, IRP will license its technology to Sona Comstar for manufacture of the System exclusively in India for the global market. The System envisages an innovative motor-plus-controller combination that does not use rare earth elements like neodymium, besides offering high efficiency and low cost to manufacturers of electric two- and three-wheelers. The Project is expected to mitigate the risk stemming from dependency on limited and unreliable sources, apart from ensuring a more environmentally friendly production process.
Sona BLW Precision Forgings is one of the leading automotive technology companies in India. It is primarily engaged in designing, manufacturing, and supplying high-quality mission-critical automotive components such as differential assemblies, gears, conventional and micro-hybrid starter motors, etc.
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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