Sona BLW Precision reversal seen with confirmation candle today and sudden spike in price in afternoon with good volumes after declaring good results today so target marked on chart.
Sona Comstar slumps to 52-week low: Falling knife or solid buy on dip opportunity?
The sell-off has not stopped analysts from voicing their optimism for the stock. Some have also upgraded their rating on the counter arguing the sell-off in the stock is perhaps the best time to accumulate the stock.
Why are MFs buying heavily into this expensive auto ancillary?
Funds pumped in Rs 18.9 billion in just one month alone. The positive sentiment around the stock may be explained by the massive EV adoption expected in India
Auto sector earnings upgraded as headwinds recede; what should you buy?
Semiconductor supplies have returned to normal and prices of key raw materials like metals are off 30-40 percent from their recent highs, relieving margin pressure on auto companies.
Bulk deals | Government of Singapore, SBI Mutual Fund pick 2% stake in Sona Comstar
In the IPO last year, Singapore VII Topco III had offloaded half of its shareholding in Sona BLW for Rs 5,250 crore. As of June 2022, Singapore VII Topco III PTE holds around 34.12 percent stake in Sona BLW.
Sona Comstar stock plunges after Blackstone sells stake in firm
CNBC TV-18 had earlier reported the American private equity firm would sell a 13.6 percent stake in the firm at Rs 500 per share and raise about Rs 4,000 crore from the transaction.
SONACOMS Trend Analysis for NSE:SONACOMS by Swastik86
Sona BLW is among the Top 10 Global Differential Bevel Gear Suppliers, Among the Top 10 Global Starter Motor Suppliers for PVs,
and the Largest manufacturer of differential gears for PVs, CVs & Tractors in India.
Sona Comstar has 8.7% market share in the global market in Battery Electric Vehicle (BEV) Differential Assembles,
5% in Differential Bevel Gear, and 3% market share in Starter Motor.
Company has 9 manufacturing and assembly facilities - 6 in India and 3 facilities in China, USA and …