India's Sona BLW Precision Forgings falls nearly 6.5% on block deals

Sona Blw Precision Forgings

13/03/2023 06:16

** Shares of automotive parts manufacturer Sona BLW
Precision Forgings  SONB.NS  down as much as 6.45% to 408.15
rupees, lowest since Jan. 20
    ** Co hits sharpest intraday pct loss since Aug. 17, on
track for fourth consecutive session of losses if trends hold
    ** Around 3.6 million shares change hands in eight block
deals in a price range of 410.45 rupees and 411.05 rupees -
Refinitiv data
    ** Trading volume is 9.1 million shares, as of 11:05 a.m.,
9.5x 30-day average of 960,778 shares
    ** Brokerages bullish on co, with 9 of 14 firms rating stock
at "buy" or above, two recommend "hold", and 3 rate it at "sell"
or below
    ** Stock up 4% YTD, as of last close, after losing 43.58% in
2022

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com;))