Sona BLW Precision Forgings is currently trading at Rs. 645.55, up by 12.35 points or 1.95% from its previous closing of Rs. 633.20 on the BSE.
The scrip opened at Rs. 640.10 and has touched a high and low of Rs. 650.00 and Rs. 639.40 respectively. So far 4874 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 839.15 on 14-Dec-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. 653.00 and Rs. 610.50 respectively. The current market cap of the company is Rs. 37001.21 crore.
The promoters holding in the company stood at 67.18%, while Institutions and Non-Institutions held 25.21% and 7.61% respectively.
Sona BLW Precision Forgings (Sona Comstar) has formed a strategic partnership with Enedym Inc. (Enedym) of Hamilton, Ontario, Canada, the technology company that develops next generation switched reluctance motors (SRMs), electric propulsion, and electrified powertrains.
Under the agreement, the parties will develop SRM drive platforms for Indian road and usage conditions targeting 3-wheeler electric vehicles (10-30kW peak power), 2-wheeler high-performance motorcycles (10-20kW peak power) and 4-wheeler cargo delivery electric vehicles (20-40kW peak power). In addition, Enedym will license its SRM technologies to Sona Comstar for manufacturing the drive motors, controllers, and drivetrains for the target applications exclusively in India. The serial production of these systems is likely to commence in 2023.
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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