Sona BLW Precision Forgings is currently trading at Rs. 429.75, up by 23.95 points or 5.90% from its previous closing of Rs. 405.80 on the BSE.
The scrip opened at Rs. 415.10 and has touched a high and low of Rs. 436.25 and Rs. 410.15 respectively. So far 250853 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 706.75 on 21-Mar-2022 and a 52 week low of Rs. 397.35 on 26-Dec-2022.
Last one week high and low of the scrip stood at Rs. 463.50 and Rs. 403.50 respectively. The current market cap of the company is Rs. 25315.82 crore.
The promoters holding in the company stood at 53.53%, while Institutions and Non-Institutions held 35.64% and 10.83% respectively.
Private equity firm Blackstone has divested its 20.50 per cent stake in Sona BLW Precision Forgings for Rs 4,917 crore through an open market transaction. Blackstone, through its affiliate Singapore VII Topco III Pte offloaded the shares in Sona BLW. Singapore VII Topco III Pte is a promoter entity in Sona BLW.
According to bulk deal data available with the BSE, Singapore VII Topco III Pte offloaded 11,99,25,641 shares, amounting to 20.50 per cent stake in the company. The shares were sold at an average price of Rs 410.04 apiece, taking the transaction value to Rs 4,917.43 crore. Monetary Authority of Singapore, Government of Singapore, BNP Paribas Arbitrage, Fidelity Asian Values Plc, Societe Generale, among others were the buyers of the shares.
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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