Bernstein upgrades TP on India's Sona BLW, sees quick recovery after rough FY26

Sona Blw Precision Forgings

03/07/2026 07:00

** Bernstein ("market-perform") upgrades its price target on Indian auto technology co Sona BLW Precision Forgings SONB.NS to 660 rupees from 540 rupees
** SONB last up 0.2% at 663.35 rupees
** Brokerage says co is recovering rapidly from a rough FY26; growth broadening across geographies, customers, and product lines, with EVs segment also showing early recovery
** Brokerage notes that SONB is now building higher-value assemblies and motor systems and also extending addressable market beyond automotive; growth profile more diversified than last year
** Near-term margins still likely to be subdued since fastest-growing traction and suspension motor lines are margin-dilutive - brokerage
** SONB rated "buy" on avg by 16 analysts; median PT is 660 rupees - LSEG data
** SONB up 38.4% YTD

 (Reporting by Abhirami G in Bengaluru)
 ((abhirami.g@thomsonreuters.com))