#SONACOMS (Sona BLW Precision Forgings Ltd) Analysis
CMP 568
52w high - 840
52w low - 408
1. Investment point of view
One of the leading company in casting and forging segment
ROE - 20.6 ✅
ROCE - 21.5 ✅
Company has reduced debt and now it's almost debt free company. ✅
P/E - 97 (high)
After price drop also P/E is higher than industry P/E 19.
However fundamental of this company is far better than its competitors so higher P/E is justified.
This can be accumulated for long term investment.
2. Trading Point of View
Stock has shown pricewise correction. Now it's under timewise correction and sideways.
590 and 610 are near term resistance.
550 and 521 are near term support.
Trading is recommended above 610 for target of 645 and 681.
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Disclaimer - Sharing for educational purpose. Please do your own analysis before investing.
